The U.S. Senate is proposing Tax Credits for manufacturing - will it work? Plus, business news - GE Stock, Orsted earnings, Vestas guidance and will Iberdrola spin off offshore? We also discuss how to develop young engineers, plus thermoplastic wind turbine blades and their lightning and manufacturing issues, something we didn't cover in episode 73.
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Transcript EP74 | GE Stock Climbing? Thermoplastic Blades & Lightning, Plus Iberdrola, Orsted & U.S. Tax Credits
This episode is brought to you by weather guard lightning tech at Weather Guard. We make lightning protection easy. If you're wind turbines or do for maintenance or repairs, install our strike tape retrofit LPS upgrade. At the same time, a strike tape installation is the quick, easy solution that provides a dramatic, long lasting boost to the factory lightning
protection system. Forward thinking wind site owners install strike tape today to increase uptime tomorrow. Learn more in the show notes of today's podcast. Welcome back. I'm Dan Blewett
I'm Allen Hall.
And I'm Rosemary Barnes
And this is the uptime podcast bringing you the latest in wind energy, tech news and policy. So before we get going, let me remind you a thanks for being here be. You can sign up for Uptime Tech News, which is our weekly newsletter, where we'll shoot you a quick email of the new podcast.
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Let's talk about this tax credit. So it sounds like Senator Markey, who is from your neck of the woods, Allen and others are introducing a tax credit that's going to create a 30 percent investment for qualified facilities that manufacture when components for offshore here in the U.S..
And it looks like that will eventually be phased out between December twenty, twenty eight and completely around 20, 30. So, Alan, do you think this is going to work or are we going to be able to put up some of these facilities in the U.S.?
Well, big corporations will take that tax break immediately and hopefully put it to work. The question is who and where and how? It's easy to make proposals like this. And this is the trouble I think was sort of the Massachusetts delegation, because this comes up quite a bit where they want to make some world altering proposals.
And then you check up on six months later, nothing has happened. And it is super frustrating to watch this go into something I'm more familiar with, which is just offshore wind and wind turbines.
