US Department of Energy Gives $58 Million to 30 Projects

The US Department of Energy (DOE) announced a $57.9 million grant to 30 initiatives in industry, universities, and national labs that will help decarbonise the American industrial sector and improve clean energy manufacturing technology. These projects will result in technological breakthroughs and help the Biden Administration achieve its objective of net-zero carbon emissions by 2050.

The industrial sector was responsible for one-third of all domestic greenhouse gas emissions in 2021. The selected projects will focus on innovations that can assist in achieving cleaner and more efficient production while paving the way for the next generation of clean energy industrial processes.

The Advanced Industry Office of the Office of Energy Efficiency and Renewable Energy, which supports the development of technologies that improve energy efficiency in US manufacturing, is funding these initiatives.

The Biden administration has also announced the phaseout of single-use plastics in national parks and other public lands, as well as a $15.3 billion energy savings through the Better Buildings Initiative, a public-private partnership involving over 900 businesses, state and local governments, utilities, housing authorities, and other organisations.

Source: Environmental Leader

For more sustainable finance news