![]() The inclusion of those direct payment marks a win for domestic manufacturers, who have for weeks argued that refundability is crucial for driving expansion, particularly because manufacturers do not have the same access to tax equity structures as wind and solar project developers. The package is not expected to include broad measures that would send direct payments to companies for most of the tax credits, but will include that direct-pay option for domestic manufacturing for a period of five years, according to two people familiar with the negotiations. The figure is roughly in line with funding levels discussed earlier in July among Senate Democrats that called for about $300 billion in tax credits for a slate of clean energy technologies, including solar and wind power, energy storage, carbon capture, hydrogen and small-scale nuclear power. The legislation would pour $370 billion into “energy security and climate change” measures, far higher than the $90 billion for clean energy incentives in President Barack Obama’s 2009 American Recovery and Reinvestment Act. Every conversation I have had with him, he was very consistent on that point,” Khanna told POLITICO. Manchin always expressed a willingness to invest in solar, wind and the next generation of innovation. Rep. Ro Khanna of California, a progressive who is close with Manchin, also stayed in touch with him in recent weeks and said he spoke with him Wednesday night after the agreement with Schumer was announced. The result of those talks, she said, “is the most significant action on climate and clean energy we’ve ever taken.” Manchin’s very important concerns on inflation and pulled together good sources of information on that and reminded everybody it’s not over till it’s over, and never say never,” Smith said in an interview. Sens. Tina Smith of Minnesota, John Hickenlooper of Colorado, and Chris Coons of Delaware were among a small group of Democrats who, along with their staffs, kept up discussions with Manchin and his aides in recent weeks. ![]() This will create thousands of new jobs and help lower energy costs in the future,” he said in a statement. “We will improve our energy security and tackle the climate crisis - by providing tax credits and investments for energy projects. The bill, if passed, would be a major victory for President Joe Biden’s climate agenda that had suffered a serious setback at the hands of the Supreme Court in June, and could help generate new enthusiasm from Democratic voters who had grown frustrated with the administration’s lack of success. Labor leaders and experts from universities were also part of the effort, as was former Treasury Secretary and inflation hawk Larry Summers, who met with Manchin in recent days, said Walsh. People familiar with the effort to bring Manchin back to the table on climate said there had been an intensive effort to convince him of the merits of supporting the new technologies - including from company executives who came forward with new plans to build manufacturing in West Virginia. “And we’re just thrilled that we’re at this moment,” he added. Manchin that this package is not inflationary and address his concerns in a serious way,” said Jason Walsh, executive director of the BlueGreen Alliance, a coalition of labor and environmental groups. ![]() “There’s been a ton of work done over the last two weeks to make the case to Sen.
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