The Inflation Reduction Act (IRA), enacted in 2022, marked a seismic shift in U.S. industrial and energy policy, promising clarity and stability to a previously fragmented clean energy landscape. It introduced comprehensive, decade-spanning incentives designed to catalyze investments across renewables, hydrogen hubs, electric vehicles, and domestic manufacturing. Almost immediately, this legislation became a magnet for institutional capital and strategic corporate commitments, prompting over $200 billion in clean energy and manufacturing investments in its first year alone. America appeared to be reclaiming its position as a global clean-energy leader, driven by a coherent industrial policy that many international investors applauded and enthusiastically embraced.