John Podesta
The Department of Energy announced two actions to support the expansion of the transmission grid: investing up to $1.5 billion in four specific projects around the country and releasing the final National Transmission Planning Study.
Pennsylvania will use its $396.1 million Climate Pollution Reduction Grant on a statewide initiative to cut greenhouse gas emissions from industrial buildings through incentives for energy efficiency and emission-reduction technologies.
DOE is looking to boost interregional transmission with its announcement of 10 proposed National Interest Electric Transmission Corridors, where projects could be eligible for a share of $2 billion in federal loans and special permitting under FERC’s backstop siting authority.
Hydrogen producers seeking tax credits will need to use new clean energy time-matched to demand, the Biden administration proposed.
Coming off the Earth’s hottest summer on record, the conference zeroed in on the public-private partnerships needed to optimize the impact of every penny of the billions in clean energy funding in the IIJA and IRA.
DOE gets business friendly. “The private sector has heard that DOE wants to hear their opinions and is willing to be responsive to what they have to say," said LPO Director Jigar Shah.
The combined impact of the Inflation Reduction Act and Infrastructure Investment and Jobs Act could add up to 475 GW of new solar and 250 GW of new wind power, according to DOE.
Biden may not agree with all provisions in Sen. Manchin’s permitting bill, but he will support it to start negotiations in the Senate, a key adviser said.
The Biden administration will deliver long-awaited guidelines for the domestic content provisions of the Inflation Reduction Act’s electric vehicle tax credits.
The energy transition and the march of technology were key highlights of CERAWeek by S&P Global, which attracted a record 7,200 attendees.
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