US Energy: DOE Celebrates One-year Anniversary Of Bipartisan Infrastructure Law And Historic Investments In America’s Clean Energy Future
The U.S. Department of Energy (DOE) today celebrated the one-year anniversary of President Biden signing the Bipartisan Infrastructure Law. During a panel at COP27, U.S. Secretary of Energy Jennifer M. Granholm reported on the implementation progress to-date of the Bipartisan Infrastructure Law and looked ahead at the additional impact the law will have with the recently enacted Inflation Reduction Act. Through these two historic pieces of legislation, the Biden-Harris Administration is investing more than $97 billion through DOE, in the nation’s clean energy transition and is delivering on its promises to strengthen the supply chain, deploy cleaner and cheaper energy for all Americans, while positioning the nation to meet the President’s goal of a decarbonized power grid by 2035 and net-zero carbon emissions by 2050.
“One year after the President Biden signed the Bipartisan Infrastructure Law, DOE is working to lower energy costs for Americans and ensuring that high-quality union jobs are growing across American-made clean energy industries,” said U.S. Secretary of Energy Jennifer Granholm. “I couldn’t be prouder of the work this Administration and DOE has done so far to deliver for Americans and position America to lead in the world’s clean energy transition while addressing historical inequalities in our energy systems”.
In the first year since President Biden signed the Bipartisan Infrastructure Law, DOE has launched programs offering nearly $40 billion in funding opportunities and technical assistance, and has:
Met with thousands of stakeholders to gather public input on how to effectively deploy clean energy and strengthen the supply chain.
Launched 4 new demonstration and deployment focused-offices and realigned the Department to create the Office of the Under Secretary for Infrastructure.
Established a joint Office of Energy and Transportation with the Department of Transportation to support the deployment of $7.5 billion for a national electric vehicle charging network.
Opened applications that will strengthen the American grid, improve energy security and provider cleaner electricity and fuels.:
$10.5 billion to modernize the electric grid;
$7 billion to create regional clean hydrogen hubs;
Over $3 billion for weatherization and energy efficiency in homes and businesses; and
$250 million to fund state loan programs for energy efficiency upgrades in residential and commercial buildings.
Awarded $2.8 billion for battery materials processing and component manufacturing for 21 projects across 12 states that will create more than 8,000 jobs, including 5,000 permanent jobs.
Made $2 billion available for large-capacity, shared carbon dioxide (CO2) transportation projects located in the United States to help enable commercial deployment of carbon management technologies.
Released $425 million in formula funding to enable states to develop and implement clean energy programs and projects.
Launched a $250 million program to help rural, municipal, and small investor-owned electric utilities enhance their cybersecurity.
To foster an equitable implementation of the Bipartisan Infrastructure Law, DOE is requiring—for the very first time—that all grant recipients create Community Benefits Plans. These plans are part of the evaluation and contract process with grantees, and they provide specific strategies for: investment in the American workforce and the creation of quality jobs; engagement with communities and labor; advancement of diversity, equity, inclusion, and accessibility; and implementation of the President’s Justice40 initiative to help ensure that 40% of the benefits of clean energy investments go to underserved and overburdened communities.
Over the next five to eight years, DOE analysis estimates that combined investments from the Bipartisan Infrastructure Law and the Inflation Reduction Act will drive 2030 economy-wide greenhouse gas emissions to 40% below 2005 levels. This includes a reduction of more than 1,150 million metric tons of carbon per year by 2030. To meet these goals more than 80 programs, both new and previously established, will serve as the backbone for a just clean energy transition – from research and development to demonstration and deployment.