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The projected capacity of solar, storage, and onshore wind has almost tripled, thanks to the Inflation Reduction Act.

Image description:
Two area graphs are connected by an interactive button. The first slide shows the projected US installed wind, solar, and storage capacity, in gigawatts, from 2021 to 2032, before the passage of the US Inflation Reduction Act. The second graph shows the same elements over the same time period after passage of the Inflation Reduction Act. The first graph shows an overall increase from 235 gigawatts in 2021 to 445 gigawatts in 2032. The second graph shows an increase from 235 gigawatts in 2021 to 1,245 gigawatts in 2032.
Footnote: Storage includes lithium ion and existing hydro-pumped storage.
Source: US Inflation Reduction Act of 2022; McKinsey Power Solutions.
End of image description.

Image description:
Two area graphs are connected by an interactive button. The first slide shows the projected US installed wind, solar, and storage capacity, in gigawatts, from 2021 to 2032, before the passage of the US Inflation Reduction Act. The second graph shows the same elements over the same time period after passage of the Inflation Reduction Act. The first graph shows an overall increase from 235 gigawatts in 2021 to 445 gigawatts in 2032. The second graph shows an increase from 235 gigawatts in 2021 to 1,245 gigawatts in 2032.
Footnote: Storage includes lithium ion and existing hydro-pumped storage.
Source: US Inflation Reduction Act of 2022; McKinsey Power Solutions.
End of image description.

The projected capacity of solar, storage, and onshore wind has almost tripled, thanks to the Inflation Reduction Act.

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