Biden-Harris Administration Announces $3.5 Billion for Largest Ever Investment in America’s Electric Grid, Deploying More Clean Energy, Lowering Costs, and Creating Union Jobs
Biden-Harris Administration Announces $3.5 Billion for Largest Ever Investment in America’s Electric Grid, Deploying More Clean Energy, Lowering Costs, and Creating Union Jobs
Investing in America Agenda Funds Projects Across 44 States to Strengthen the Power Grid Against Extreme Weather, and Deliver Cheaper, Cleaner, Reliable Energy to Communities Across the Country; Supports Union Jobs in the Utility Sector
For people who want news coverage of this, the are articles from the Associated Press and Reuters
We probably won't see a dime here in Texas since our dumbass politicians think it's best to separate ourselves from the grid. In hopes that Texas might sucede or some stupid shit.
More wind and solar is always awesome! I would say I hope this involves more nuclear power as well, but that just takes so long to get up and running. I still think it's a good investment, but setting up clean energy that gives more immediate returns is also extremely helpful and could even make building nuclear in the future even easier.
Part of the reason nuclear takes forever is because the contractors don’t have experience with building them. Bit of a catch 22
Too many undefined asterisks. Everytime they say clean energy im skeptical, like its intentionally distinct from renewable energy. Like natural gas projects with carbon offset schemes, or some bullshit like clean coal again.
Yeah, it would be better to do nothing! /s
Carbon "sequestration"
Clean usually means nuclear is included
Rookie numbers
It's part of the Inflation Reduction Act, so it's far from the only thing happening. My expectation is that consistent with the history of US electric supply, private capital will supply the bulk of what's needed here.
For sure. This is basically the incentives and kick starting. Sustainable energy and utility production are already massively profitable. This is just a basic usage of the tax system to prioritize and incentivize specific actions for the systems/places that likely need it most.
A ton of private capital will be flowing and it’s likely that many investors and private business owners will get very wealthy from these programs. Not to mention that many others will gain valuable employment.
Will it be completely perfect? Nope. But it’s exactly what developed nations do to create a nice place to live with reliable, advanced infrastructure. And they’ll create many economic windfalls while doing so.
I'll take this over nothing.
Is this a sound investment though? We're getting a lot of dead Palestinian children with just 10b, how many dead children is three times less invested into the grid going to net us? I'm guessing not enough.