Tag: us department of energy

Modernising the American Grid: US DOE launches several programmes under BIL

In 2021, the Biden Administration set ambitious climate goals of reaching 100 per cent clean electricity by 2035 and net zero emissions by 2050. This has put the spotlight on the urgent need for rebuilding and modernising the country’s ageing electricity transmission grid. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.

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US DoE to open applications for $6 billion nuclear programme

The US Department of Energy has announced that bids for a $6 billion nuclear renewal programme will be solicited. Nuclear power reactor owners and operators that are about to shut down for economic reasons can request for funding to avoid closing prematurely. The first round of awards from the new programme will prioritise funding nuclear plants that have already announced a closure date.

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US Jumpstarts Offshore Wind: Targeting 30 GW by 2030

On March 29, 2021, President Joe Biden announced big plans to expand offshore wind power, with 30 GW planned along the US coasts by 2030, backed by billions in federal loan guarantees. According to DOE, this move could potentially power 10 million homes in the future and avoid 78 million metric tons of CO2 emissions. The 30 GW target will spur USD12 billion in capital investment annually

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