Biden administration announces $3 billion clean energy investment for modernizing ports

  • 📰 10News
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Rooted in fact-based, transparent reporting, Newsy is an award-winning opinion-free network owned by the E.W. Scripps Company that is relentlessly focused on “the why” of every story and seeks to enable a more intimate and immersive understanding of the issues that matter.

The Biden administration is awarding $3 billion in grants to update and electrify port infrastructure across the U.S., which it says will translate to cleaner equipment, cleaner air and thousands of new port jobs.27 states and U.S. territories are set to get $3 billion in Inflation Reduction Act funding, much of which will go toward new electric or hydrogen-powered freight-handling equipment and infrastructure.

combined reported more than 2.5 million tons of CO2 equivalent emissions.RELATED STORY | Truth Be Told: Harris doesn't want to 'end all gas-powered cars'The funding and the demand for new tech it drives is expected to help support some 40,000 new union jobs, including more than 6,500 manufacturing roles. Many ports set to receive money plan to train workers on the new equipment and develop plans for engaging with their local communities.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 732. in BUSİNESS

Business Business Latest News, Business Business Headlines