President Joe Biden has spearheaded the biggest government investment in renewable energy, clean manufacturing and electric vehicles in history. Now, with the clock ticking on the final year of Biden's term, the administration faces the daunting task of putting that climate funding into action.
Shah said the DOE has been piloting the technology to allow for smarter management of energy demand for years. But putting that technology in place will require a range of companies from appliance makers to utilities to get buy-in from their customers.'There's a trust-building exercise that needs to happen,' Shah said. Some of the pending loan applications are from companies who would build the various systems, and trust, needed to make virtual power plants happen.
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