Energy Secretary Jennifer Granholm said Wednesday that the U.S. is “not going to stand by” and allow China to fully dominate production of technologies such as solar panels, electric vehicles and low-carbon steel.
The IRA’s hundreds of billions of dollars in energy tax breaks have also unleashed a flood of private investments in projects such as electric car and battery factories, though many of those plans are also proceeding slowly. , according to clean energy group E2. At DOE, nearly $100 billion is expected to subsidize projects on hydrogen energy, carbon capture and sequestration, battery storage and a range of other technologies.
Granholm also reiterated that DOE plans to wrap up a contested pause on new liquified natural gas exports by early next year.
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