Infrastructure Investment and Jobs Act (IIJA)
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As U.S. automakers pull back on plans to invest heavily in electric vehicles, claiming sales are not growing as fast as expected, the Treasury Department and Internal Revenue Service issued new guidelines on the federal tax credits for EVs that could further slow sales.
EVgo
Charging company EVgo has yet to earn a profit. But Cathy Zoi, who headed the company for six years, is bullish on the industry’s future.
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DOE announced a pair of funding opportunities for battery manufacturing and carbon storage designed to spur grid storage, electrification and emission reductions.
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DOE is opening the second round of funding for its Grid Resilience and Innovation Partnership program, which will offer $3.9 billion from the IIJA for projects that will modernize the grid, increase capacity, and unlock renewable energy resources.
Senate ENR
DOE's Crane and Shah said all grant and loan applications are evaluated and carefully vetted by federal career staff and agency engineers and experts.
SPP
DOE announced $3.46 billion in funding for grid resilience and improvement projects, including the MISO-SPP joint targeted interconnection queue portfolio.
The White House
The hydrogen hubs reflect an attempt to balance the conflicting political and energy industry interests that went into the bipartisan infrastructure bill.
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DOE gets business friendly. “The private sector has heard that DOE wants to hear their opinions and is willing to be responsive to what they have to say," said LPO Director Jigar Shah.
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DOE announced $15.5 billion from several sources that will help American manufacturers retool for EVs, preserving well-paying jobs in the process.
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DOE grants will be used to help developers make up the difference in cost between building CO2 pipelines for current demand versus projected future demand.
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