On July 4, the One Big Beautiful Bill Act (OBBBA) was signed into law, phasing out tax credits previously available under the Inflation Reduction Act (IRA) and shortening timelines for clean energy projects such as wind and solar, which now must begin construction by July 4, 2026, or be placed in service by Dec. 31, 2027, to qualify. The OBBBA also imposed strict foreign entities of concern (FEOC) requirements that will restrict other countries’ participation in the U.S. clean energy sector.

At the same time, the bill does preserve support for the transferability of tax credits and supports power sources such as geothermal, nuclear and batteries, while unlocking oil and gas development. The legislation thus creates a regulatory patchwork for energy developers and will inevitably create both winners and losers as the dust settles.

Industry professionals at U.S. energy companies were asked to weigh in on how the OBBBA impacts the sectors in which they are most active a