https://www.engineeringnews.co.za

US allocates $430m for clean energy revival in former coal communities

US Secretary of Energy Jennifer Granholm

US Secretary of Energy Jennifer Granholm

22nd October 2024

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

The US Department of Energy (DoE) on Tuesday announced an investment of $428-million in grants aimed at supporting clean energy manufacturing across 15 coal-affected communities.

The initiative targets 14 projects spearheaded by small- and medium-sized enterprises in regions with decommissioned coal facilities. These projects are set to leverage over $500-million in private-sector investment, projected to create more than 1 900 high-quality jobs.

By tapping the expertise of the former coal workforce, the initiative aims to enhance national security while advancing innovative technologies and revitalising local economies.

“The transition to America’s clean energy future is being shaped by communities filled with the valuable talent and experience that comes from powering our country for decades,” commented Secretary of Energy Jennifer Granholm.

The selected US projects will focus on essential products and materials across five key supply chains: grid components, batteries, low-carbon materials, clean power generation, and energy efficiency products.

The DoE states that the global market for clean energy and carbon reduction technologies is expected to reach $23-trillion by 2030.

By investing in domestic manufacturing, particularly within small and medium-sized businesses that contribute $1-trillion in gross revenue and provide over five-million jobs, the US is building capacity for clean energy production and maximising community benefits.

Globally, governments are increasingly recognising the potential of former coal communities key hubs for the transition to clean energy. By investing in targeted initiatives and funding programmes, they aim to revitalise these regions through the development of renewable-energy projects and clean technology manufacturing.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.051 0.961s - 140pq - 2rq
Subscribe Now