Changes to energy tax credits in the Senate’s newly revised OBBA (One Big Beautiful Bill Act) would jeopardize financing and deployment of reliable, defense-critical energy technologies at a time when the nation needs every available energy source to meet surging demand and protect national security.
Avery Ash, SAFE’s Senior Vice President of Government Affairs, issued the following statement:
“The new language means many energy storage, mineral processing, and energy generation projects won’t be able to secure financing or move forward given the steeper cliffs and unworkable foreign entity restrictions. Where the original Senate version was a recipe for energy stagnation, this is outright energy surrender—all but guaranteeing Chinese dominance of critical minerals, industrial supply chains, and AI development. It snatches defeat from the jaws of victory. The Senate must reject this language.”
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About SAFE
SAFE is an action-oriented, nonpartisan organization committed to transportation, energy, and supply chain policies that advance the economic and national security of the United States, its partners, and allies. Since 2004, SAFE has worked with its Energy Security Leadership Council—a peerless coalition of current and former Fortune 500 CEOs and retired 4-star admirals and generals—to support secure, resilient, and responsible energy solutions. Learn more at SecureEnergy.org
