Grid defense
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Traditional industrial efforts are insufficient to meet the unprecedented growth in electrification necessary to support U.S. is highly reliant on foreign-sourced critical electric grid components. Transformers and Grid Components -The U.S. By supporting a secure, stable, diversified, and competitive domestic solar supply chain, President Biden’s actions will increase national security, promote energy independence, help to address the urgent threat of climate change, and drive down energy costs for American consumers. However, domestic solar PV production does not meet current demand. electricity generation capacity and the cheapest new electricity source in many regions of the country. Solar - Solar photovoltaic (PV) energy is the largest source of new U.S. The action focuses on the following areas, per the release: However, the issue may still be challenged in court, and it is unclear on potential impact of tariffs that may be announced on past shipments,” Jeff Osborne, an analyst at Cowen & Co., wrote in a note on June 6. “This approach allows the Biden team to appear to be responsive to repeated requests for intervention. They will also help accelerate DoD’s transition toward clean energy technologies that can help strengthen military capability while creating good jobs for American workers. The actions President Biden announced today will help strengthen our supply chains and ensure that the United States is a leader in producing the energy technologies that are essential to our future success. In conflict, fossil fuel supply lines are especially vulnerable. Kathleen Hicks added: “Reducing America’s dependence on gas and oil is critical to U.S. With the new DPA authority, DOE can help strengthen domestic solar, heat pump and grid manufacturing industries while fortifying America’s economic security and creating good-paying jobs, and lowering utility costs along the way.”ĭeputy Secretary of Defense Dr. For too long the nation’s clean energy supply chain has been over-reliant on foreign sources and adversarial nations. can take ownership of its clean energy independence. Granholm commented: “President Biden has invoked the Defense Production Act so that the U.S. The purpose of the Presidential determinations is to "accelerate domestic production of five key energy technologies: (1) solar (2) transformers and electric grid components (3) heat pumps (4) insulation and (5) electrolyzers, fuel cells, and platinum group metals," the release says. This week Biden invoked the Defense Production Act as a response to rising energy costs in the country, a DOE release Monday noted. It's the latest "drop in the ocean" response to a massive, looming energy cost crisis that has resulted from out of control money printing and geopolitical volatility.īut not unlike releasing more petroleum reserves, the Biden administration has a new plan to try and show the American consumer it is doing something.
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On Monday, Biden invoked the Defense Production Act, targeting the country's solar production capacity and fuel cell production, among other forms of green energy. Solar and fuel cell names are going to continue to be on watchlists this week one day after President Biden prioritized the two sources of energy as part of a manufacturing push in the U.S.