"Biden Administration Invests Billions in Climate Change Initiatives and Grid Resilience"
The Biden-Harris Administration has announced $325 million in funding for 15 long-duration energy storage (LDES) projects across the United States. These projects aim to accelerate the development of LDES technologies, enhance clean energy adoption, and protect communities from disruptions to the grid caused by extreme weather events. The funding will support the deployment of storage systems that can store renewable energy for use during high-demand periods, such as at night or during natural disasters. The projects also include innovative approaches to reusing retired batteries, supporting the electric vehicle industry and creating economic opportunities. The funding aligns with the administration's goal of reducing the cost of LDES by 90% by 2030 and advancing clean energy technologies.
