Biden’s New Energy Secretary Eyes Big Investment to Boost Clean Technologies, Harden Electric Grid

  • 📰 WSJ
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

President Biden’s new energy secretary is eyeing big investments to boost clean technologies and harden the electric grid in the aftermath of this month’s deadly, widespread blackout

that she said illustrate how the U.S. electricity system struggles with increasing demand and extreme weather. In one of her first interviews since winning Senate confirmation Thursday, she also said that the demands of the modern economy—envisioned by the Biden team as running on low-emissions technologies—will require federal support for the energy sector.

“If we’re going to add the gigawatts of clean energy to the grid that we need to in order to do electric vehicles, in order to accommodate all of the data centers that are being added, we have got to invest…and harden the grid,” Ms. Granholm said, referring to the growth of the internet industry and cloud computing.

Ms. Granholm said one of her top priorities is to use the department’s loan program to jumpstart her work. The program offering federal loans and loan guarantees to start-ups and energy projects has $40 billion authorized by Congress but untouched by the Trump administration. That can be funneled into companies bringing new energy technologies to market, especially for power units, battery storage and grid improvements, among others.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Clean technology = nuclear

Oxymoron.

WHOSaveTurkishStudents please

lets waste as much money as possible

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:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines