$CBLU.V is up 8% after the US Senate just passed the historic $369B Inflation Reduction Act, which places heavy emphasis (and tens of billions of dollars) on green energy and emission initiatives. This now represents the largest investment in clean energy in US history. With $CBLU.V’s exposure to green and off-grid energy, they’re bound to benefit from the bill, whether from the cheaper products (reduced inflation) or lower wait times for essential goods like solar panels. The bill provides several incentives for companies investing in solar/green energy like $CBLU.V.
- Claim up to 30% of the value of a project as a credit in the case of solar and a per-watt credit for wind.
- Heavy incentives for new investments into green energy-related manufacturing facilities.
https://www.politico.com/news/2022/08/07/inflation-reduction-act-climate-biden-00050230
$CBLU.V is a company focused on delivering green, off-grid power to help power otherwise expensive and essential projects for communities. By combining both smart analytics and energy services, $CBLU.V is able to provide a far more reliable, inexpensive, and data-driven experience for clients. Utilizing solar and off-grid technology allows them to create a clean energy experience on top of being a far more cost-effective option for clients. So far, their model has been working as they just announced an $8M-$10M 3-year contract with NuRAN.
Overall, today's news from the US only solidifies that the future is heading towards green energy. With $CBLU.V’s focus on clean off-grid power (such as solar), they're well-suited to capitalize on the next generation of energy.