Infrastructure Investment and Jobs Act (IIJA)
The Department of Energy released its final guidelines for the designation of National Interest Electric Transmission Corridors, which are narrowly defined areas where transmission is urgently needed to ensure reliability and affordability and advance “important national interests.”
Coming on the heels of COP28 in Dubai - and its weak call for a reduction in fossil fuel use - some researchers and advocates continue to argue that the normalization of CCS will simply prolong the burning of fossil fuels and the emissions they produce.
As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.
Charging company EVgo has yet to earn a profit. But Cathy Zoi, who headed the company for six years, is bullish on the industry’s future.
DOE announced a pair of funding opportunities for battery manufacturing and carbon storage designed to spur grid storage, electrification and emission reductions.
DOE is opening the second round of funding for its Grid Resilience and Innovation Partnership program, which will offer $3.9 billion from the IIJA for projects that will modernize the grid, increase capacity, and unlock renewable energy resources.
DOE's Crane and Shah said all grant and loan applications are evaluated and carefully vetted by federal career staff and agency engineers and experts.
DOE announced $3.46 billion in funding for grid resilience and improvement projects, including the MISO-SPP joint targeted interconnection queue portfolio.
The hydrogen hubs reflect an attempt to balance the conflicting political and energy industry interests that went into the bipartisan infrastructure bill.
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.
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