The 2022 U.S. climate law unleashed government subsidies to help the country build clean-energy industries.
But the biggest beneficiaries so far have been foreign companies.
The Inflation Reduction Act has spurred nearly $110 billion in U.S. clean-energy projects since it passed almost a year ago.
Companies based overseas, largely from South Korea, Japan and China, are involved in projects accounting for more than 60% of that spending.
Fifteen of the 20 largest such investments, nearly all in battery factories, involve foreign businesses,.
