Jennifer Granholm
DOE's commitment of $500 million in IRA dollars may not be enough. Building private sector confidence in the emerging HALEU market could require up to $2.9 billion more in additional federal funding.
DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.
The Department of Energy said it would provide $275 million for seven projects around the country that are meant to bolster domestic clean energy supply chains.
The study is intended to identify pressing transmission needs without offering specific solutions or taking into account federal and some state regulations.
The BENEFIT program will support DOE's Affordable Home Energy Shot, aimed reducing the cost of home upgrades for affordable housing by at least 50% while also reducing energy bills by 20% within a decade.
The Department of Energy will put $1.3 billion into becoming the anchor off-taker for three interstate transmission projects totaling 3.5 GW of new transmission capacity.
U.S. Energy Secretary Jennifer Granholm said that while a lot of progress has been made, getting to a fully decarbonized economy is going to require new technologies.
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 vice president was in Washington to headline a cheerleading session to celebrate the first anniversary of the passage of the Inflation Reduction Act.
The two projects are the first of four hubs to get a slice of the $3.5 billion the Infrastructure bill provided to develop the technology at commercial scale.
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