Local Power. Global Connections.

High-Efficiency Cogeneration

ACS-COBRA_CCGT_Madrid_Idom_Portada

Solar Photovoltaic Panels

solar-panel-array-power-sun-electricity-159397

Roof-top/local wind turbines

pexels-pixabay-414928

Small-scale local hydro power

Fall_in_Licq-Atherey

Plug-in Hybrid Electric Vehicles

pexels-rathaphon-nanthapreecha-3846205

Since 1997 WADE has been the leading global organization working to advance clean and efficient decentralized energy systems and polices in developed and developing countries. Through focused research, promotion and advocacy efforts, WADE has moved the needle on decentralized energy to the point where there is now a growing understanding and acceptance of the role that decentralized energy technologies can play as well as the economic and environmental advantages that can be realized from decentralized energy systems.

Inflation Reduction Act Will Drive Investment in a Broad Range of Decentralized Energy Technologies and Projects

On August 12, 2022, the US Congress passed the Inflation Reduction Act of 2022 (IRA), a $400 billion package containing significant tax and other incentives for the decentralized energy industry.  Among other things, the IRA: extends the investment tax credit for solar, geothermal, biogas, fuel cells, waste energy recovery, combined heat and power, small wind property, and microturbine and microgrid property for projects beginning construction before January 1, 2025.  It also extends the production tax credit for wind, biomass, geothermal, solar, landfill gas, municipal solid waste, qualified hydropower, and marine and hydrokinetic resources for projects beginning construction before January 1, 2025.  Importantly, the IRA allows the investment tax credit to be taken for stand-alone energy storage investments instead of requiring the storage component to be linked with another qualifying project.  Additional bonus ITC is also provided for if certain conditions are met, such as when projects satisfy certain U.S. domestic content requirements or are located in an “energy community” or an “environmental justice” area.  Tax-exempt organizations will be permitted to elect a “direct pay” option in lieu of a tax credit and taxpayers will be allowed to transfer the ITC, PTC, and certain other tax credits for cash.   A new Advanced Manufacturing Production Credit will be available for companies manufacturing clean energy equipment in the U.S. such as PV cells, PV wafers, solar grade polysilicon, solar modules, wind energy components, torque tubes, structural fasteners, electrode active materials, battery cells, battery modules, and critical minerals.  Additional incentives are created for electric and hydrogen-fueled vehicles, alternative fuel refueling stations, nuclear power, energy efficiency, biofuels, carbon sequestration and clean hydrogen.