Batteries Become A Big Deal
The U.S. Department of Energy (DOE), through the Office of Manufacturing and Energy Supply Chains, is developing a diversified portfolio of projects that help deliver a durable and secure battery manufacturing supply chain for the American people.
The Administration intends to invest $16 billion in new battery technology and enterprises. This is part of the clean air initiative and may also be a way for the US to combat the growing technology created in China. A map of the projects shows they will be in 14 states. The plan adds to other clean technologies that should cut emissions of greenhouse gases created by fossil fuel-based energy.
When Does Cash Arrive
According to Axios, “The cash doesn’t all arrive at once. Companies must meet various milestones, and some first-round projects have not ultimately gotten the money.” This makes it like many other green initiatives. A big government announcement is followed by bigger bureaucracy, and projects that are supposed to be gigantic become small.
Major Enemies
Bureaucracy and funding have become major enemies of the green movement. In sectors like solar and wind, the dominant hurdles are permits and lack of private sector financial support. The government does not step in aggressively with capital, if it steps in at all.
What is the new DOE announcement? It is a little more than that.
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