The Department of Energy announced a large investment to address the nation's increasing energy demands.
President Joe Biden's administration and the Department of Energy announced an investment of $2.2 billion on Tuesday aimed at strengthening the nation's electrical grid against extreme weather and facilitating the shift towards cleaner energy sources.According to the Associated Press , the investment will create funding for eight projects across 18 states in an effort to meet increasing energy demands.
The move comes as many electric utilities now face a surge in demand as Americans electrify more appliances and cars, data centers draw more energy and more manufacturing returns to the U.S.'We're seeing a huge amount of onshoring and restoring of critical minerals processing, battery manufacturing,' Jigar Shah, director of the Department of Energy's Loan Programs Office, told Newsweek for a previous story.
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