What’s in the budget bill?

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

BUDGET BILL

• Democrats designed the Inflation Reduction Act to spur clean energy investment in Republican-led congressional districts, and it brought jobs and new manufacturing to those areas over the past few years, but GOP senators still voted to dismantle it yesterday in passing their budget bill. (New York Times)

• “This is going to put people out of business”: Industry leaders warn the dismantling of tax credits for solar panel manufacturing and solar farm development will guarantee China continues to dominate panel production. (New York Times)

• No Republican senator is taking credit for the excise tax on wind and solar that was surprisingly added to the bill on Friday and then omitted before its final passage. (NBC News)

• Republican Sen. John Curtis of Utah was among GOP lawmakers pushing behind the scenes to soften clean energy tax credit cuts in the bill’s final iteration, and ultimately voted for the bill. (E&E News)

• The budget bill includes incentives for mining of metallurgical coal, which is mostly exported overseas to make steel. (The Hill, Heatmap)

UTILITIES

• President Trump nominates four new members to the Tennessee Valley Authority board, which has lacked a quorum for major decisions since he fired three members appointed by former President Biden. (Associated Press)

• Delta Utilities closes on its $484 million purchase of Entergy’s natural gas business in Louisiana and Mississippi. (The Advocate)

ELECTRIC VEHICLES

• Tesla reports a 14% drop in vehicle deliveries in the second quarter, compared to a year ago, marking its second straight quarterly drop. (CNBC)

OFFSHORE WIND

• Offshore wind developers and utilities in Massachusetts and Rhode Island delay finalizing contracts for a fourth time, citing ongoing uncertainty about the impact of federal policy. (WWLP, Rhode Island Current)

CLIMATE

• Legally mandated national climate assessments appear to have been taken off federal websites, though they’re still available in a few other sites. (NPR)

• MethaneSAT, a satellite launched last year by advocacy group EDF to track global methane emissions, has lost power in orbit and is ​“likely not recoverable.” (news release)

GRID

• Emerald AI emerges from stealth with backing from Nvidia, AMPLO, and other firms, with an aim of reducing AI’s power consumption during times of high grid stress. (Axios)

• The Sierra Club comes out in support of the California grid operator’s day-ahead power market and West-Wide Governance Pathways Initiative, saying it will ​“advance clean energy through regional cooperation.” (news release)

COAL

• Xcel Energy proposes cleaning up and removing 1.6 million tons of coal ash from a defunct power facility near Boulder, Colorado, and repurposing it as a cement additive. (Denver Post)

CARBON REMOVAL

• Climeworks raises $162 million months after conducting layoffs, as it looks to broaden its focus beyond its beleaguered direct air capture efforts. (Wall Street Journal)