Global Statistics

All countries
163,188,443
Confirmed
Updated on May 16, 2021 1:40 am
All countries
142,621,892
Recovered
Updated on May 16, 2021 1:40 am
All countries
3,383,851
Deaths
Updated on May 16, 2021 1:40 am
Sunday, May 16, 2021

Global Statistics

All countries
163,188,443
Confirmed
Updated on May 16, 2021 1:40 am
All countries
142,621,892
Recovered
Updated on May 16, 2021 1:40 am
All countries
3,383,851
Deaths
Updated on May 16, 2021 1:40 am
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United States:

Is A New Electricity Grid In Our Future? President Biden Thinks So.


To print this article, all you need is to be registered or login on Mondaq.com.

The White House this morning released a fact sheet on “The American Jobs
Plan
,”
also known as President Biden’s
infrastructure plan.  There’s a lot in here (as there
should be for a couple of trillion dollars!), so today I’ll
focus on energy infrastructure.  Here are the
highlights: 

  • $100B to “build a more resilient electric transmission
    system.”  This includes “the creation of a targeted
    investment tax credit that incentivizes the buildout of at least
    200 gigawatts of high-voltage capacity power lines.”

  • Creation of a “Grid Deployment Authority” within DOE
    to facilitate transmission line siting.

  • A “ten-year extension and phase down of an expanded
    direct-pay investment tax credit and production tax credit for
    clean energy generation and storage.”

  • Implementation of an “Energy Efficiency and Clean
    Electricity Standard.”  (If I knew what this really
    meant, I would tell you, but the fact sheet contains no
    details.  Presumably it is a version of a federal renewable
    portfolio standard.)

  • An unspecified amount of money for “15 decarbonized
    hydrogen demonstration projects in distressed
    communities.”

  • $10B for a “Civilian Climate Corps.”

There’s much more to come.  Even aside from more
details on the energy infrastructure piece, there are important
other sections of the Plan, including those on transportation
infrastructure and drinking water infrastructure.

Stay tuned.  We’ll see how much this administration can
get done before the next election cycle begins, but there’s no
doubt that President Biden has ambitious plans.

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please click
here

The content of this article is intended to provide a general
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about your specific circumstances.

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Clean Tech Quarterly Update: Winter 2021

Holland & Knight

This edition of Holland & Knight’s Clean Tech Quarterly Update highlights the biggest clean tech updates and government-related developments from the past few months…



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