Governor Kathy Hochul announced an additional $28.5 million is now available to install electric vehicle fast chargers along major travel corridors across New York State. Funded by the federal National Electric Vehicle Infrastructure (NEVI) formula funding program, the State’s new competitive Downstate Direct Current Fast Charger (DCFC) program will improve consumer access to reliable electric vehicle (EV) charging. This second round of NEVI funding focuses on locations south of Interstate 84, including the lower Hudson Valley, New York City, and Long Island.
“This critical federal NEVI funding supports New York State’s ongoing leadership to invest in a network of electric vehicle fast chargers, particularly in areas downstate that face heavy traffic,” Governor Hochul said. “Making quick, reliable charging easily available will encourage more people to drive EVs that help to lower pollution from vehicles, provide cleaner air for New Yorkers, and improve health in our communities.”
The competitive Downstate NEVI DCFC Program, administered by the New York State Energy Research and Development Authority (NYSERDA) in partnership with the New York State Department of Transportation (NYSDOT), provides funding to qualified EV infrastructure developers to install and operate DCFC stations at one or more sites along Federal Highway Administration-designated Alternative Fuel Corridors (AFCs). Proposed sites must meet all federal requirements, including being located within one travel mile of an AFC exit, being publicly accessible 24 hours a day, seven days a week, and having the ability to charge at least four EVs simultaneously at speeds of at least 150 kilowatts per vehicle. Sites are also required to meet federal uptime requirements for the percentage of time the charging station is functional. Proposals that close gaps between existing and planned charging stations, offer amenities such as restrooms and food, or have stations that provide multiple types of charging connectors (CCS and J3400), will be prioritized.
Designated AFCs eligible under the second round of the program include:
Interstate 87 south of I-84
Interstate 95
Interstate 278
Interstate 287
Interstate 495
Interstate 678
Interstate 684 south of I-84
New York 17 south of I-84
New York 25
New York 27
Proposals are due on March 18 by 3 p.m. ET. A complete list of all eligibility rules and evaluation criteria can be found at the solicitation summary on NYSERDA’s website.
NYSERDA will host a webinar on January 15from 11 a.m. to 12 p.m. and another webinar on February 12from 3 p.m. to 4 p.m. to provide more details on the solicitation, project requirements and the application process.
“Building on the NEVI funding made available earlier this year, NYSERDA is proud to support the expansion of fast chargers to more areas of the state. Matching federal funding with private industry expertise will build a robust, reliable, network of chargers helping to increase the number of options available for New Yorkers and visitors alike,” stated New York State Energy Research and Development Authority President and CEO Doreen M. Harris.
This announcement builds on the $21 million made available in September under the competitive Upstate NEVI Direct Current Fast Charger (DCFC) to expand the number of EV charging stations along and north of Interstate 84, including areas of the State north to the Canadian border and west to Buffalo. This funding opportunity closed on December 4, 2024 and proposals are now under evaluation.
The New York State Department of Transportation was allocated $175 million under the federal NEVI program and New York was one of the first states to open a DCFC site with NEVI funding in December 2023. This was followed by four additional locations opening in 2024. More DCFC NEVI-funded sites are expected to come online in New York by the end of next year. New York’s NEVI Plan describes how the State will invest its funding and was developed by NYSDOT in collaboration with NYSERDA; the New York State Department of Environmental Conservation (DEC); the New York Power Authority (NYPA); the New York State Department of Public Service (DPS); the New York State Thruway Authority (NYSTA); and the Long Island Power Authority (LIPA).
“Electric vehicle users on our downstate highway system need a dependable charging infrastructure that allows them to recharge their vehicles and reliably get them to where they need to go,” stated State Department of Transportation Commissioner Marie Therese Dominguez said. New York is an unquestioned national leader that is literally writing the national template for sustainability in the face of global climate change, and through the National Electric Vehicle Initiative, Governor Hochul is building a foundation for a sustainable highway network that will fuel the vehicles of tomorrow.”
Additionally, Governor Hochul in March announced more than 100 new EV fast chargers will be built in New York City. EV purchases in New York have risen 660% in the last five years, and there are currently more than 15,500 chargers (a combination of DCFC and Level 2 chargers) at more than 4,500 public locations across the State. Federal funding received in January 2024 has further facilitated this growth with New York State receiving a $15 million Charging and Fueling Infrastructure Program Grant for small- to medium-sized cities, state parks and other tourist destinations, such as hotels to build out the number of EV chargers. Separate federal awards under this program were made to the New York City Department of Transportation and Oneida County. Also, New York State was also awarded $13 million to repair or replace outdated, broken or non-operational EV charging ports through the Charger Reliability and Accessibility Accelerator Program.
“The installation of fast chargers at regular intervals in key locations along our more utilized roadways makes it easier for New Yorkers to drive an EV and reduces greenhouse gas emissions from transportation,” said New York Power Authority President and CEO Justin E. Driscoll. “The New York Power Authority is pleased to see additional federal funding that will help accelerate the build-out of a reliable network of fast chargers that will improve travel throughout the lower Hudson Valley, New York City and Long Island—regions where many EV drivers live, work and play.”
New York State Thruway Authority Executive Director Frank G. Hoare said, “The Thruway Authority is committed to creating a robust network of electric vehicle charging stations along the 570-mile Thruway system, which spans from the lower Hudson Valley to Albany, west to the Pennsylvania state line. Currently there are 75 universal fast charging stations in operation on the Thruway and by the end of 2025, there will be more than 130 fast charging EV stations on the system. By offering electric vehicle charging stations an average of 30 miles between locations, customers will have a reliable, seamless system of electric vehicle charging stations that supports a modernized transportation system, serving millions of motorists every year.”
“The Bipartisan Infrastructure & Jobs Law I led to passage is supercharging new electric vehicle charging stations across New York, and this $28.5 million in federal funding from the National Electric Vehicle Infrastructure grant program will help install electric vehicle fast chargers across the lower Hudson Valley, New York City, and Long Island,” Senate Majority Leader Charles Schumer said. “More EV fast chargers will support the adoption of cleaner, electric vehicles, make charging your car in New York as easy and convenient as filling up a gas tank, and help create an emissions-free future. With this impactful federal support and partnership with the state, New York is getting a major jolt to build out their network of electric vehicle charging stations across the entire state.”
Senator Kirsten Gillibrand said, “With more electric vehicles on the road, it is essential that New York has the necessary charging infrastructure to meet the increased demand,” said Senator Gillibrand. “This Bipartisan Infrastructure Law funding will help install electric vehicle fast chargers throughout the state, helping ensure that all EV users can have the charging ports they need to get to their destinations. I was proud to have fought for the passage of the Bipartisan Infrastructure Law, and I will continue to make sure that New York’s infrastructure meets the needs of the 21st century.”
New York State is investing nearly $3 billion in electrifying its transportation sector, which is vital to meeting the State’s sweeping climate and clean energy plan, the Climate Leadership and Community Protection Act. Under Governor Hochul’s leadership, New York is rapidly advancing measures that all new passenger cars and trucks sold be zero emissions by 2035, along with all school buses being zero emissions the same year. In addition to the NEVI program, there are a range of other initiatives to grow access to EVs and improve clean transit for all New Yorkers including EV Make Ready , EVolve NY , Charge Ready 2.0, the Drive Clean Rebate, the New York Truck Voucher Incentive Program (NYTVIP), the New York School Bus Incentive Program, and the Direct Current Fast Charger Program.
New York State’s climate agenda calls for an affordable and just transition to a clean energy economy that creates family-sustaining jobs, promotes economic growth through green investments, and directs a minimum of 35 percent of the benefits to disadvantaged communities. New York is advancing a suite of efforts to achieve an emissions-free economy by 2050, including in the energy, buildings, transportation, and waste sectors.
The U.S. Nationally Determined Contribution (NDC) is an economy-wide, all greenhouse gas target of reducing net emissions by 61-66 percent below 2005 levels in 2035
The emissions reduction strategy includes leveraging landmark investments from the Inflation Reduction Act and Bipartisan Infrastructure Law, complemented by federal standards; coordinating with local, state, Tribal, and territorial governments; and mobilizing private capital
In 2015, the world came together to finalize the Paris Agreement, an historic agreement joined by nearly every country in the world to address the climate crisis and protect the planet for future generations. On Day One of his Administration, President Biden fulfilled his promise to rejoin the Paris Agreement and set a course for the United States to tackle the climate crisis at home and abroad. In 2021, pursuant to the terms of the Paris Agreement, President Biden submitted a nationally determined contribution (NDC) with a target of reducing U.S. greenhouse gas emissions 50-52 percent from the 2005 baseline in 2030.
Today, as the United States continues to accelerate the transition to a clean energy economy, President Biden is announcing a new climate target for the United States: a 61-66 percent reduction in 2035 from 2005 levels in economy-wide net greenhouse gas emissions. It keeps the United States on a straight line or steeper path to achieve net-zero greenhouse gas emissions, economy-wide, by no later than 2050. In connection with this announcement, the United States is making a formal submission of this new target to the United Nations Climate Change secretariat as its next NDC under the Paris Agreement.
To develop the U.S. 2035 NDC, the Biden-Harris Administration analyzed how every economic sector – power generation, buildings, transportation, industry, agriculture and forestry– can spur innovation, unleash new opportunities, drive competitiveness, and cut pollution. Additionally, the United States anticipates, as part of achieving its 2035 NDC emissions target, methane reductions of at least 35 percent from 2005 levels in 2035. Cutting methane emissions is among the fastest ways to reduce near-term warming and is an essential complement to CO2 mitigation.
This 2035 NDC aligns with President Biden’s target of a net zero greenhouse gas economy no later than 2050 and marks an ambitious capstone to President Biden’s climate legacy, focused on investment, innovation, creating millions of good-paying and union jobs, building the clean energy economy of the future, reducing costs for all Americans, advancing environmental justice, and improving the health and security of communities across America. There are multiple paths to reach these targets, and U.S. Federal, state, local, territorial, and Tribal governments have numerous tools available to work with civil society and the private sector to mobilize investment in the years ahead while supporting a stronger, fairer economy.
Momentum from President Biden’s Climate and Economic Agenda
Since President Biden announced the 2030 NDC in April 2021 to reduce emissions 50-52% by 2030, the United States has designed and implemented a historic climate strategy that leverages emissions reduction and economic growth in every region of the country. Advanced through thousands of policies and actions undertaken by federal, state, territorial, Tribal, and local governments, the strategy includes passage of the landmarks Bipartisan Infrastructure Law (BIL) and the Inflation Reduction Act (IRA), paired with strategic implementation of a regulatory agenda to ensure emissions reductions across every sector of the economy. This approach has equipped federal, state, territorial, Tribal, and local governments with additional resources and regulatory certainty to partner with the private sector to grow a new clean energy economy that benefits American workers and consumers. Implementation of this broad and comprehensive strategy has already led to more than $450 billion of private sector investment in domestic clean energy and manufacturing projects. This progress will accelerate as the Biden-Harris climate agenda continues to drive a wide range of investments in clean energy deployment and manufacturing in the years ahead. Examples include:
Arizona has added over 370,000 new jobs, and unleashed more than $120 billion in private sector investment. Investments include $5.5 billion to build a battery facility outside Phoenix that will produce batteries for 350,000 electric vehicles per year.
California has added over two million new jobs and more than $45 billion in private sector manufacturing and clean energy investment, including a $4 billion Gigafactory to produce lithium-ion batteries in Imperial Valley.
Georgia has added nearly half a million new jobs and mobilized more than $40 billion in private sector investment. Qcells is investing $2.5 billion to expand its solar panel and component manufacturing capacity in Dalton and Cartersville.
Maryland has added over 160,000 new jobs, and attracted more than $2.7 billion in private sector investment, including a $350 million investment from Constellation Energy to increase the output and lifespan of its renewable energy portfolio.
Pennsylvania has added more than 560,000 new jobs and unleashed nearly $4.3 billion in private sector investment, including a $500 million investment by Eos Energy Enterprises to expand battery manufacturing operations in Turtle Creek, supported by a loan guarantee from DOE’s Loan Programs Office.
Wisconsin has added more than 188,000 new jobs and $5.4 billion in private sector manufacturing and clean energy investments, including $426 million for the state’s first large-scale solar and battery storage project outside Milwaukee.
These investments and many more tell a clear story: the clean energy revolution is being built in America, and that will not be reversed.
Fundamental Economic and Technological Trends
Over the past four years the prices of clean energy generation and infrastructure have fallen dramatically. President Biden’s economic agenda, supported by complementary subnational government actions and private sector innovation, has reshaped the energy landscape now and for future generations so that American consumers and workers will benefit, especially in energy communities that have historically powered our nation. Along with the boom in domestic investments, technological advances across the energy sector are also making the U.S. clean energy revolution irreversible, including:
Clean Energy Generation. The levelized cost of utility-scale solar photovoltaic (PV) and onshore wind are dropping rapidly. In 2024, estimates for utility-scale solar PV and onshore wind are as low as $29 per megawatt hour and $27 per megawatt hour, respectively. On a levelized-cost basis, utility-scale solar is now broadly on par with fossil fuel sources, even before accounting for the environmental and public health benefits. A recent analysis indicates that 99 percent of all U.S. coal plants are more expensive to continue running than to replace with solar, wind, and energy storage resources. Geothermal power generation capacity is also accelerating, with 203 megawatts commissioned globally in 2023, up 12 percent from 2022. Recent technological advances, particularly in drilling, indicate the industry is on track to an average cost of $60-70/MWh by 2030 and $45/MWh by 2035. New enhanced geothermal capacity is already slated to meet the clean electricity demands of new industries. And the recent completion of the Vogtle nuclear power plant in Georgia, the nation’s first new nuclear reactors in over 30 years, as well as planned revitalizations of existing reactors, progress on advancedreactor technologies, and new private sectordemand, are all signs of further progress expanding nuclear power capacity ahead.
New and Better Transmission. Expanding and enhancing the U.S. transmission system is critical to the nation’s resilience and national security. Significant expansions of new and upgraded transmission lines by public and private sector entities, including SunZia Transmission in New Mexico, will facilitate the transmission of clean energy across the United States. Meanwhile, a new generation of modern grid technologies provides a significant opportunity to achieve power system capacity expansion, including through high-performance conductors that can carry two times (or more) the amount of power of conventional transmission wires, as well as grid enhancing technologies that maximize electricity transmission across the existing system through a family of technologies that includes sensors, power flow control devices, and analytical tools.
Battery Storage. Utility-scale battery storage has the potential to provide much-needed flexibility that supports renewable energy sources, and helps address grid infrastructure challenges. Between 2010 and 2023, the cost of utility-scale battery storage projects declined by 89%, to $273 per kilowatt hour, driven by improvements in manufacturing, materials efficiency, and manufacturing processes. Storage capacity additions also increased significantly, with additions of 22 gigawatt hours (GWh) in 2023. As the private sector continues to invest in new battery technologies and manufacturing processes, battery storage costs will continue to decline, supporting the clean energy economy of the future.
Energy Efficiency. Improvements in energy efficiency can cut pollution and save Americans on their energy and water bills. The Biden-Harris Administration has strengthened energy efficiency standards to save households and businesses money, with standards updated by DOE for dozens of appliances expected to provide nearly $1 trillion in consumer savings over 30 years, saving the average household more than $100 a year while also reducing greenhouse gas emissions by more than 2 billion metric tons. Efficient equipment such as heat pumps powered by clean electricity are already making heating, cooling, and hot water more affordable for a growing number of American homes. 2022 marked the first year that heat pump sales outpaced fossil fuel furnaces in the US; in 2023, heat pumps outsold gas furnaces by 27 percent, demonstrating the technology’s growing popularity with consumers. When paired with energy efficiency improvements, like insulation, heat pumps lower the cost of heating and cooling, while improving indoor and outdoor air quality.
Clean Steel and Clean Concrete. Producing steel and concrete, fundamental building blocks of the modern economy, accounts for more than 15 percent of global greenhouse gas emissions. Clean steel and concrete are already being produced in the United States. Major steelmakers are now using Inflation Reduction Act investments to build and retrofit American steel facilities to produce cleaner steel. Innovative low carbon methods for concrete production can reduce emissions by eliminating the need for high temperatures or through the use of alternative low carbon feedstocks. These innovative concretes are more durable and stronger than conventional concrete, improving the performance of infrastructure investments and resulting in long term savings. As clean hydrogen and clean electricity prices continue to fall, producers will be able to further slash emissions using these cleaner inputs.
Clean Hydrogen. Hydrogen has the potential to reduce emissions across a host of sectors, including transportation and heavy industry. Key cost drivers of green hydrogen production, including the capital expenditure for electrolyzers and the price of renewable energy, are expected to decline in years ahead due to economies of scale, delivering green hydrogen at a lower price point. Combined, these two cost declines could translate to a significant reduction in green hydrogen production costs, from $3-6 per kilogram today to $1.50 – 2 by 2035.
Clean Cars and Trucks. Electric vehicles (EVs) are already selling at a record pace in the United States, supported by falling component prices as well as fuel and maintenance cost savings for consumers. From 2018 to 2022, the sales-weighted average price of electric cars decreased, and the price gap between internal combustion vehicles and EVs has begun to close. Through 2035, falling EV component prices will drive down the purchase price for EVs and bring new customers to the EV market. For instance, battery prices are set to fall by as much as 50 percent through 2026 thanks to improved technology and expanded production of key inputs. Federal standards support these market developments: the strongest-ever national pollution standards for passenger cars and heavy-duty vehicles are providing certainty for the automobile industry, catalyzing private investment, creating good-paying union jobs, improving public health, and expanding consumer choice in clean vehicles.
Federal Sustainability. With broad support from America’s manufacturers, clean energy developers, labor organizations, business leaders, states, and communities, the Federal Government’s 300,000 buildings, 600,000 vehicles, and $750 billion in annual procurement power will continue to be more sustainable and resilient while supporting good jobs, cutting costs, and saving taxpayers money.
Action and Leadership from state, local, Tribal, and territorial governments
State, local, Tribal, and territorial governments in the United States have a long history of climate leadership that has laid the groundwork for subsequent federal action, including the Inflation Reduction Act. Many critical climate levers, especially in the transportation, electricity, and building sectors, lie largely within the domain of these governments. In the years ahead, leveraging and expanding the new clean energy economy enabled by the Biden-Harris Administration’s policies and bolstered by strong economic tailwinds supporting clean energy, these governments will ensure that the United States remains all-in on climate action. States, territories, cities, counties, and Tribal governments together have the capacity to step in and deliver on climate ambition. In the years ahead, we expect that subnational and Tribal governments will adopt new and strengthen existing climate-forward policies such as:
Climate Action Plan Implementation: Through support from the Inflation Reduction Act, more than 45 states and more than 200 Tribes, territories, and metro areas have now developed their own Climate Action Plans, representing a historic set of opportunities for subnational climate progress across sectors. More than $4 billion of Climate Pollution Reduction Grants awarded by the Biden-Harris Administration will also advance 59 implementation projects across 30 states, 33 Tribal Nations, and 1 territory to reduce climate pollution from every sector of the economy. Many of these projects can be expanded and provide examples that other states, local governments, Tribes, and even businesses can replicate in their work to tackle the climate crisis.
Innovative Solutions to Cut Pollution from the Existing Transportation Systems. California, Washington, and Oregon have developed and implemented, or started to implement, programs that reduce emissions from the transportation sector through a predictable, market-based approach, generating climate and local-air quality benefits for residents and communities. New York City and State adopted and implemented the country’s first-ever congestion pricing program, which will reduce climate pollution and provide a stable funding source for mass transit. Other states have the opportunity to build on these successful policy initiatives in their own jurisdictions.
Renewable Portfolio Standards (RPSs) and Clean Energy Standards (CESs). Today, twenty-five states and the District of Columbia have set RPSs and eight others have adopted CESs, which will increase the generation of low- and zero-carbon electricity. Adoption of these standards by additional states, as well as the strengthening of existing standards, provides significant upside for reducing climate pollution.
Building Energy Codes. Many subnational governments have already adopted or are in the process of adopting the most up-to-date energy codes to ensure new building construction is energy efficient and lowering emissions for years to come. Subnational governments are also reducing energy costs and emissions in existing buildings, with almost 25 percent of commercial buildings subject to a building performance standard or located in a community with plans to adopt building performance standards.
State Procurement of Low-Carbon Materials. The Biden-Harris Administration’s landmark Federal Buy Clean Initiative leverages the sway of the U.S. government, as the largest purchaser on Earth, to spur demand for clean American manufacturing of materials that form the bedrock of our economy. Thirteen states have joined the Federal-State Buy Clean Partnership and committed to prioritizing efforts that support procurement of lower-carbon infrastructure materials in state-funded projects. These states can continue to work together to send a clear, harmonized demand signal to the marketplace for the long-term decarbonization of essential industries.
Financing Climate Solutions. With support from the Inflation Reduction Act’s Greenhouse Gas Reduction Fund (GGRF), the national network for financing clean energy and climate solutions across sectors is larger than ever before. The National Clean Investment Fund awardees are establishing national clean financing institutions that deliver accessible and affordable financing for clean technology projects nationwide, and the Clean Communities Investment Accelerator awardees are establishing hubs that provide funding and technical assistance to community lenders working in low-income and disadvantaged communities.
State and Regional Efforts to Cap Emissions. 15 states and Puerto Rico have binding economy-wide emissions targets in law, covering more than 115 million Americans across the country. Voters in Washington State recently upheld a groundbreaking law requiring companies to cut carbon emissions while investing in programs that benefit the public, such as habitat restoration and climate adaptation. This recent success builds on initiatives such as the Regional Greenhouse Gas Initiative (RGGI), a regional program that requires certain power plants to acquire allowances for every ton of CO2 emitted.
In the years to come, leadership will come from all across American society – cities and states, Tribes and territories, small and big businesses, working communities, individual Americans and the private sector working together to seize the economic opportunity, create jobs, and build the clean energy economy. This new clean energy economy, enabled by the forward-looking policies of this Administration, will continue to grow – and the United States will continue to create good jobs and cut carbon pollution right here at home.
The Biden-Harris Administration has consistently been about getting things done, though rarely breaking through the media fog focused on the latest Trump scandal and outrage. This fact sheet on how Biden is accelerating infrastructure projects that address the urgent need to transition to clean energy and provide jobs is provided by the White House:
President Biden has been clear that the government can and must deliver more projects, more quickly. Through his Investing in America Agenda, he is delivering on that promise by accelerating project reviews while protecting communities and our environment.
To date, the Biden-Harris Administration has deployed more than $560 billion in federal investments for over 68,000 projects across the nation, and the President has taken action to accelerate these projects by devoting long overdue resources to permitting and environmental reviews.
The Biden-Harris Administration has taken historic steps to accelerate and improve the federal permitting process so that Americans across the country can benefit from the promise of the Investing in America agenda – including lowering energy costs for families and creating hundreds of thousands of good-paying and union jobs. The Administration has taken a three-prong approach. First, investing $1 billion through the Inflation Reduction Act funds to hire experts and invest in new technologies to expedite reviews. Second, passing the first reforms to modernize the National Environmental Policy Act (NEPA) for the first time in 50 years and finalizing the Bipartisan Permitting Reform Implementation Rule to accelerate the federal environmental review process. And third, using executive authorities, wherever possible, to improve permitting and environmental review processes.
Today, the Biden-Harris Administration is announcing two new actions that will help build more projects, more quickly.
The Bureau of Land Management is announcing a roadmap to support expanded solar energy production by making renewable energy siting and permitting on America’s public lands more efficient. This action will help expedite reviews of solar projects by steering them to areas with high solar potential and low wildlife and land conflicts, and ease burdens on solar developers. The Bureau of Land Management will make over 31 million acres of public lands across eleven western states available for solar development, helping to deliver clean power to millions of homes.
The Environmental Protection Agency is announcing the conditional approval of a new rule which will allow for new offsets to create clean air credits in Maricopa County. Companies with vehicle fleets can now generate credits by replacing or retrofitting diesel-burning vehicles with electric vehicles. Manufacturers or other new emitters can then purchase those credits to balance out their future emissions. This will allow the county, which is now a center of semiconductor manufacturing in the U.S., to continue to build semiconductor fabs essential to our nation’s future and ensure that residents continue to have clean air.
Delivering Results
The Administration’s actions to reform federal permitting have already delivered real results. New data from the White House Council on Environmental Quality (CEQ) and federal agencies demonstrates that the Biden-Harris Administration is delivering more projects, more quickly while being responsible stewards of the environment and protecting communities.
The Biden-Harris Administration has cut 6 months off the median time it takes for agencies to complete environmental impact statements, the most comprehensive form of environmental review, representing 16% in time savings compared to the previous Administration and we are continuing to make more improvements.
Data indicates that there are similar results across a number of key sectors:
Clean Energy & Transmission: The Department of Energy has cut environmental review timelines by half for environmental impact statements compared to the prior Administration. In addition, DOE has completed 15% more environmental reviews compared to the previous Administration. In addition, the Department of Energy has started implementing the Coordinated Interagency Authorization and Permits (CITAP) program which is expected to cut review times in half for transmission projects.
Transportation: The Department of Transportation (DOT) has cut the average time it takes to complete an environmental assessment by more than one third. DOT has also completed 20% more reviews compared to the prior Administration for projects requiring environmental assessments or environmental impact statements.
Offshore wind: Under the Biden-Harris Administration, the Department of the Interior’s Bureau of Ocean Energy Management has completed environmental reviews for the nation’s first 10 commercial-scale offshore wind projects; before President Biden took office there were zero complete. Because of the Administration’s progress on permitting the nation’s first offshore wind projects and leasing new areas, the total U.S. offshore wind project pipeline now exceeds 80 gigawatts, enough to power more than 26 million homes if fully developed.
Onshore renewable energy: Under the Biden-Harris Administration, the Department of the Interior has permitted more than twice as many clean energy projectson public lands than it did under the prior Administration. Together, these projects are expected to help power more than 12 million homes across the country.
Broadband: Across the federal government, agencies are processing more than twice as many permits for high-speed internet projects on federal lands and property as they did under the prior Administration. NTIA has established and adopted a total of 36 new categorical exclusions to streamline processes, including for historic preservation and threatened and endangered species compliance for broadband.
Additionally, for projects with minimal environmental impacts, the Biden-Harris Administration has expanded use of the fastest form of environmental review – categorical exclusions. Since the start of the Administration, over 15 federal agencies have developed, expanded, or adopted 125 categorical exclusions for projects with insignificant environmental impact in key sectors such as EV charging, broadband, semiconductor manufacturing, clean energy, and transmission. This includes new categorical exclusions adopted using new permitting efficiencies passed by Congress in the Fiscal Responsibility Act.
Federal agencies are using categorical exclusions to review the vast majority of project decisions, including 99% of federal highway decisions. This is an increase from the last time similar data was analyzed by the Government Accountability Office (GAO), which found that just 96% of Federal Highway Administration projects were processed by categorical exclusions. Other agencies are also utilizing categorical exclusions for the vast majority of projects including 99% of Department of Energy decisions, and 98% of National Oceanic and Atmospheric Administration (NOAA) projects decisions.
New Executive Actions to Accelerate Permitting
The Biden-Harris Administration has taken a number of steps in recent weeks to improve federal permitting processes to help advance projects critical to the President Biden’s Investing in America Agenda.
Streamlining Historic Preservation Reviews: Earlier this month, the Advisory Council on Historic Preservation (ACHP) proposed a Program Comment to accelerate historic preservation reviews for millions of clean energy, transportation, housing, and building projects over the next two decades. This action builds on steps that ACHP announced earlier this year to accelerate historic preservation reviews for broadband projects.
Accelerating Transmission Projects: The Biden-Harris Administration has started to implement the new Coordinated Interagency Transmission Authorizations and Permits (CITAP) program which will help accelerate permitting for transmission projects to bring reviews down to a two-year timeline – twice as fast as the historical average of four years. A recent study of 33 projects found that had CITAP been in place from 2010 through 2020, it could have saved the equivalent of approximately 66 years in federal permitting time. The Department of Energy (DOE) recently opened the portal for transmission developers and project sponsors to apply for the CITAP program. In addition, the Department of Energy recently announced $371 million for 20 projects across 16 states to accelerate the siting and permitting of high-voltage interstate transmission projects and support community infrastructure projects.
Expanding Categorial Exclusions: In recent weeks, the U.S. Forest Service adopted 10 categorical exclusions that will accelerate its review of broadband projects. Data from the U.S. Forest Service indicates that these categorical exclusions will help streamline reviews for 100 broadband projects by 2027, thereby saving over $24 million in staff time per year and lead to a total reduction of over 20 years in processing time. In April the Bureau of Land Management adopted categorical exclusions to accelerate review of geothermal projects. And, earlier this month, the Department of Transportation announced a new categorical exclusion to help expedite reviews of projects dedicated to fixing older, leak-prone natural gas pipelines.
Modernizing NEPA Technology: Last month CEQ released new recommendations for using technology to modernize environmental reviews. In a new report to Congress CEQ evaluates permitting processes, include an analysis of 16 different agency technology tools and initiatives being advanced to improve the environmental review and permitting process.
Two years ago, President Biden signed the Inflation Reduction Act, with Vice President Harris casting the tie-breaking vote in Congress. Not a single Republican voted for it and Trump/Vance and the Republicans vow to repeal it and replace it with Project 2025 laundry list of policies which will harm working and middle-class families. and undermine progress toward an equitable, sustainable economy. –Karen Rubin/news-photos-features.com
The Inflation Reduction Act is a key part of the Biden-Harris Administration’s Investing in America agenda, which has driven the fastest and most equitable recovery on record – creating good-paying jobs, expanding opportunity, and lowering costs in every corner of the country.
Already, the Inflation Reduction Act is transforming American lives by finally beating Big Pharma to negotiate lower prescription drug prices, making the largest investment in clean energy and climate action in history, creating hundreds of thousands good-paying jobs, lowering health care and energy costs, and making the tax code fairer.
Visit the White House Savings Explorer to see how Americans are saving money on their annual expenses because of the Inflation Reduction Act and other Biden-Harris Administration actions.
Statement from President Joe Biden on Inflation Reduction Act Anniversary
Two years ago, I signed the Inflation Reduction Act—the largest climate investment in history that is lowering energy costs and creating good-paying union jobs, while taking on Big Pharma to lower prescription drug costs—with Vice President Harris casting the tie-breaking vote. Already, this law is lowering health care costs for millions of families, strengthening energy security, and creating more than 330,000 clean energy jobs according to outside groups. It has also unleashed $265 billion in clean energy and manufacturing investments from the private sector in the last two years—part of the nearly $900 billion invested in America since we took office.
This historic legislation is fiscally responsible. It lowers the deficit over the long run by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. And just yesterday, my Administration announced lower prescription drug prices for the first ten drugs that have been negotiated by Medicare, which will cut the prices of drugs used to treat blood clots, heart disease, cancer, and more by nearly 40% to 80%, and save taxpayers $6 billion in the first year alone.
While Republicans in Congress try to repeal this law—which would increase prescription drug costs and take good-paying jobs away from their constituents, all to give massive tax cuts to big corporations—Vice President Harris and I will keep fighting to move our country forward by investing in America and giving families more breathing room.
Statement from President Joe Biden on Inflation Reduction Act Anniversary
Two years ago, I signed the Inflation Reduction Act—the largest climate investment in history that is lowering energy costs and creating good-paying union jobs, while taking on Big Pharma to lower prescription drug costs—with Vice President Harris casting the tie-breaking vote. Already, this law is lowering health care costs for millions of families, strengthening energy security, and creating more than 330,000 clean energy jobs according to outside groups. It has also unleashed $265 billion in clean energy and manufacturing investments from the private sector in the last two years—part of the nearly $900 billion invested in America since we took office.
This historic legislation is fiscally responsible. It lowers the deficit over the long run by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. And just yesterday, my Administration announced lower prescription drug prices for the first ten drugs that have been negotiated by Medicare, which will cut the prices of drugs used to treat blood clots, heart disease, cancer, and more by nearly 40% to 80%, and save taxpayers $6 billion in the first year alone.
While Republicans in Congress try to repeal this law—which would increase prescription drug costs and take good-paying jobs away from their constituents, all to give massive tax cuts to big corporations—Vice President Harris and I will keep fighting to move our country forward by investing in America and giving families more breathing room.
FACT SHEET: Two Years In, the Inflation Reduction Act is Lowering Costs for Millions of Americans, Tackling the Climate Crisis, and Creating Jobs
In the two years since the Inflation Reduction Act was signed into law:
Just yesterday, the President and Vice President announced that, for the first time in history, Medicare successfully negotiated lower prescription drug prices, which will save millions of seniors, people with disabilities, and other Medicare beneficiaries over $1.5 billion out-of-pocket in the first year.
Millions of Americans are saving an average of $800 per year on health insurance premiums because of cost savings from the American Rescue Plan that the Inflation Reduction Act extended, helping drive the nation’s uninsured rate to historic lows. 4 million seniors and other Medicare beneficiaries saved money on insulin because of the law’s cap at $35 for a month’s supply. 10.3 million Medicare enrollees received a free vaccine in 2023, saving them more than $400 million in out-of-pocket vaccine costs. The IRS successfully piloted Direct File in 12 states, saving 140,000 people an estimated $5.6 million in tax preparation fees by enabling them to file their taxes directly with the IRS online, for free. And, the IRS has recovered over $1 billion by cracking down on millionaire tax cheats since the law passed. Last year, 3.4 million Americans benefited from $8.4 billion in Inflation Reduction Act tax credits to lower the cost of clean energy and energy efficiency upgrades in their homes – significantly outpacing projections of the popularity of the tax credits in just the first year they were available. Since January 2024, more than 250,000 Americans have claimed the IRA’s electric vehicle tax credit, saving these buyers about $1.5 billion total. Nearly all of these buyers claimed the incentive at the point of sale. Since the beginning of the Biden-Harris Administration, companies have announced$900 billion in clean energy and manufacturing investments in the US, including over $265 billion in clean energy investments since the Inflation Reduction Act was signed into law. These investments are creating over 330,000 new jobs in the United States according to an outside group.
Economically distressed areas are poised to benefit the most from those investments. Over 99% of high-poverty counties in the United States are benefitting from an Investing in America project funded by the Inflation Reduction Act, Bipartisan Infrastructure Law, or CHIPS and Science Act. According to Treasury Department analysis, since the Inflation Reduction Act passed, 75% of private sector clean energy investments have flowed to counties with lower than median household incomes, and clean energy investment in energy communities has doubled. And, the Inflation Reduction Act is the largest investment in environmental justice in history.
Additionally, the Biden-Harris Administration has taken action to protect the critical investments that the Inflation Reduction Act is making in the domestic clean energy economy from unfair trade practices. In May, President Biden increased tariffs on $18 billion of Chinese imports to combat China’s artificially low-priced exports in strategic sectors such as electric vehicles, batteries, and solar. These actions protect American jobs, businesses, investments, and economic growth.
Lowering health care costs for millions of Americans
President Biden and Vice President Harris have made expanding access to high-quality, affordable health care and lowering prescription drug costs for American families a top priority. Thanks to the Inflation Reduction Act, health care is more accessible and more affordable than ever before. In just the last two years:
The law enhanced the Affordable Care Act’s financial assistance that is available to consumers to purchase health insurance. Millions of Americans are saving, on average, about $800 a year on their health insurance plans, with more than 80 percent of consumers able to find health insurance for $10 or less a month. As a result, a record-breaking 21 million people signed up for ACA coverage in 2024. That’s 9 million more than when the President and Vice President took office, and more underserved communities are enrolling in coverage, with 1.7 million Black Americans and 3.4 million Latinos enrolled, a 95% and 103% increase, respectively, since 2020.
The Inflation Reduction Act capped insulin costs at $35 for a month’s supply and making recommended adult vaccines free. Four million Medicare beneficiaries are now saving on their monthly insulin costs, and over 10 million beneficiaries received a free vaccine, saving more than $400 million in out-of-pocket cost. Drug companies that increase prices faster than inflation now have to pay a rebate to Medicare—which is translating into lower out of pocket costs for seniors. Next year, out of pocket drug costs will be capped at $2,000 per year for Medicare beneficiaries, which is expected to save nearly 19 million seniors an average of $400 per year.
The Inflation Reduction Act – for the first time ever – gives Medicare the power to negotiate lower prescription drug prices. Just this week, the Biden-Harris Administration announced new, lower prescription drug prices for all ten drugs selected for the first year of the Inflation Reduction Act’s Medicare Drug Price Negotiation Program. The new, lower prices, which go into effect in 2026, will save American taxpayers $6 billion and will save seniors and people with disabilities $1.5 billion in out of pocket costs in 2026 alone. These new prices cut the list cost for drugs that treat heart disease, blood clots, diabetes, cancer, and more by nearly 40% to 80%.
Lowering energy costs with the largest climate investment in history
The Inflation Reduction Act is tackling the climate crisis by advancing clean power, cutting pollution from buildings, transportation, and industry and supporting climate-smart agriculture and forestry. The law is accelerating our progress toward President Biden and Vice President Harris’ goal of cutting U.S. climate pollution by 50 to 52 percent below 2005 levels in 2030.
Two years after the signing of the Inflation Reduction Act, the Biden-Harris Administration has made tremendous progress implementing the climate and clean energy provisions of this law quickly and effectively. Treasury guidance is now available for nearly all of the Inflation Reduction Act’s clean energy tax provisions. On the grant, loan, and rebate side of the law, nearly two thirds of Inflation Reduction Act funding has been awarded. As an example of the Administration’s rapid progress on implementation, today the Environmental Protection Agency announced that all $27 billion in awards through their Greenhouse Gas Reduction Fund are now obligated. $20 billion of these awards go toward a national clean energy financing network that will support tens of thousands of clean energy projects, reducing or avoiding millions of metric tons of carbon pollution annually over the next seven years. The other $7 billion in awards through the Solar for All program will save over $350 million each year on energy bills for over 900,000 low-income and disadvantaged households through residential solar.
In the two years since President Biden signed the Inflation Reduction Act into law:
Clean energy projects are creating more than 330,000 jobs in nearly every state in the country, according to outside groups.
Companies have announced $265 billion in new clean energy investments in nearly every state in the nation. According to Treasury Department analysis, many of these investments are happening in underserved communities—since the IRA passed, 75% of private sector clean energy investments made since the Inflation Reduction Act passed have occurred in counties with lower than median household incomes, and clean energy investment in energy communities has doubled. Last week, Treasury and IRS released new data showing that in 2023, more than 3.4 million American families saved $8.4 billion from IRA consumer tax credits on home energy technologies. These tax credits can save families up to 30% off heat pumps, insulation, rooftop solar, and other clean energy technologies. New York and Wisconsin have now launched home energy rebate programs, with more states expected to launch later this summer and fall. Already, 22 states have submitted their applications to DOE to receive their full rebate funding. These rebate programs help low- and middle-income families afford cost-saving electric appliances and energy efficiency improvements by providing rebates up to $14,000 per household. In total, the IRA rebates programs are expected to save consumers up to $1 billion annually in energy costs and support an estimated 50,000 U.S. jobs in residential construction, manufacturing, and other sectors.
Since January 2024, more than 250,000 Americans have claimed the Inflation Reduction Act’s EV tax credits—either $7,500 off a qualified new electric vehicle, or up to $4,000 off a qualified used electric vehicle. In total, these taxpayers have saved about $1.5 billion and nearly all buyers claimed the incentive at the point of sale.
Making the tax system fairer and making the wealthy pay their fair share
The Inflation Reduction Act fully pays for these investments, and reduces the deficit over the long run, by cutting wasteful spending on special interests and making big corporations and the wealthy pay more of their fair share. After 55 of the biggest corporations in America paid $0 in federal income tax on $40 billion in profits in 2020, the Inflation Reduction Act requires billion-dollar corporations to pay at least 15 percent in tax. It also requires corporations to pay a 1 percent excise tax on stock buybacks, encouraging businesses to invest in their growth and productivity instead of funneling tax-preferred profits to foreign shareholders. By making large corporations pay more of their fair share, the IRA will raise around $300 billion over a decade.
The Inflation Reduction Act also makes a historic investment in modernizing the IRS, providing funding to better taxpayer experience, reduce fraud, and upgrade critical technology infrastructure. Thanks to these investments, the IRS has already:
Improved services for millions of taxpayers. This spring, the IRS answered 3 million more phone calls than in 2022, cut phone wait times to three minutes from 28 minutes, served 200,000 more taxpayers in person, and saved taxpayers 1.4 million hours on hold last filing season. It also expanded online services, enabling 94% of taxpayers to submit forms digitally instead of via mail if they so choose.
Successfully piloted Direct File, allowing taxpayers to easily file their taxes online and for free, directly with the IRS for the first time. Over 140,000 Americans successfully filed their taxes through Direct File this year, claiming over $90 million in refunds and saving an estimated $5.6 million in tax preparation fees. Users said Direct File was easy and fast to use, with 90% rating their experience excellent or above average. Building on this success, the IRS has invited all 50 states and the District of Columbia to join Direct File starting in 2025.
Collected $1 billion from 1,500 millionaire tax cheats, launched enforcement action against 25,000 millionaires who have not filed a tax return since 2017, began audits on dozens of the largest corporations and partnerships, and cracked down on high-end tax evasion like deducting personal use of corporate jets as a business expense. At the same time, the IRS is adhering to Treasury Secretary Yellen’s commitment to not increase audit rates relative to current levels for small businesses and Americans making less than $400,000 a year.
Over the next decade, the Inflation Reduction Act’s investments will enable the IRS to further crack down on wealthy and corporate tax cheats and collect over $400 billion in additional revenue.
Going forward, the IRS is on track to implement additional improvements to taxpayer experience; provide additional in-person services in rural and underserved areas; redesign notices and forms to be less confusing; and expand online and mobile-friendly tools.
Investing in America to create jobs and expand opportunity
When President Biden thinks about climate change, he thinks about jobs. Two years into implementation of the Inflation Reduction Act, it’s easy to see why.
Across the nation, the Inflation Reduction Act is catalyzing a clean energy and manufacturing boom. Since President Biden took office, the Biden-Harris Administration’s Investing in America agenda has catalyzed nearly $900 billion in private sector investment commitments, including roughly $400 billion in clean energy across every state in the nation. That topline figure includes enough power generation to replace 40 Hoover Dams, the largest wind tower manufacturing facility in the world, the largest solar investment in US history.
Broader macroeconomic indicators also illustrate how, through tax credits and domestic content requirements within the law–we are successfully onshoring critical supply chains and encouraging a resurgence of domestic manufacturing. Real investment in manufacturing structures is at an all-time high—and has been for six quarters. Manufacturing’s contribution to GDP broke quarters for three consecutive quarters in 2023. And Americans have filed to open a record 300,000 new manufacturing businesses.
These investments are having real impacts on communities—particularly those that need it most. Public dollars are flowing disproportionately to disadvantaged and left behind communities: 99% of high-poverty counties have received funding from the infrastructure law, CHIPS Act, or Inflation Reduction Act, and non-metro communities have received nearly double the per capita funding of their urban counterparts. On the private sector side, analysis from the US Treasury tells a similar story. Since the IRA passed, 84% of announced clean investments have flowed to counties with college graduation rates below the national average, and the rate of investment in energy communities has more than doubled. Given these successes, it is no wonder that Republicans who voted against the bill are suddenly trying to take credit for it—and urging their leadership not to proceed with an unpopular repeal effort.
Statement from Vice President Kamala Harris on the Inflation Reduction Act Anniversary
Since day one of our Administration, President Joe Biden and I have made it a priority to strengthen the middle class by lowering costs, creating jobs, and advancing opportunity. That is why we fought to enact our Inflation Reduction Act, historic legislation that I was proud to cast the tie-breaking vote on in the Senate. In the two years since President Biden signed it into law, this landmark bill has already delivered for American families.
This transformational legislation is reducing the cost of health care for millions of people in communities across our nation – from capping the price of insulin at $35 a month for seniors to capping out-of-pocket drug costs at $2,000 a year for Americans on Medicare, which is expected to save nearly 19 million seniors an average of $400 per year. Additionally, Medicare is now able to negotiate lower prescription prices for millions of Americans while saving taxpayers billions by paying rates 40% to 80% lower for expensive medications used to treat conditions such as blood clots, heart disease, and cancer.
Our Inflation Reduction Act is also the single largest climate investment in American history. While taking on the climate crisis and lowering utility bills for families, it is helping us to rebuild American manufacturing and drive American innovation – creating good-paying union jobs, furthering economic opportunity, and contributing to the nearly $900 billion of private-sector investment since President Biden and I took office.
As we mark this two-year anniversary, President Biden and I recommit to doing everything in our power to ensure that families throughout our country have the freedom to thrive
If you want to transition from planet-killing fossil fuels that contribute to global warming and climate change to clean, renewable, sustainable energy, much more has to be done to increase the capacity and reliability of the electric grid. This fact sheet on what the Biden-Harris Administration is doing to bolster America’s power grid was provided by the White House:
Since Day One, President Biden has positioned America as a leader in the global race for a clean energy future, including by taking ambitious action to deliver a clean, reliable electric grid, which will help ensure that communities don’t lose power during extreme weather events, lower energy costs for hardworking families, and create good-paying jobs – all while tackling the climate crisis. Under the President’s leadership, the U.S. is projected to build more new electric generation capacity this year than we have in two decades – 96 percent of that clean energy. In addition, ten major transmission projects have begun construction, expected to connect nearly 20 gigawatts of new power to the grid. America is investing tens of billions to strengthen our grid to bolster resiliency, strengthen energy security, and drive innovation. And in recent weeks, the Biden-Harris Administration has taken critical steps to build out the nation’s power grid – from making the federal permitting process for new transmission lines more efficient to launching a public-private mobilization to upgrade 100,000 miles of existing lines.
Today, the Biden-Harris Administration is building on this momentum by launching a Federal-State Modern Grid Deployment Initiative, with commitments from 21 leading states: Arizona, California, Colorado, Connecticut, Delaware, Hawai‘i, Illinois, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Washington, and Wisconsin. Building on the Biden-Harris Administration’s legislative accomplishments and executive actions in tackling the grid modernization challenge, the initiative aims to bring together states, federal entities, and power sector stakeholders to help drive grid adaptation quickly and cost-effectively to meet the challenges and opportunities that the power sector faces in the twenty-first century.
Participating states have committed to prioritize efforts that support the adoption of modern grid solutions to expand grid capacity and build modern grid capabilities on both new and existing transmission and distribution lines. Historically, expanding the capacity of the U.S. power grid has typically relied on building new transmission lines with technologies that have not changed since the mid-twentieth century. Today, a new generation of modern grid technologies provides a significant opportunity to achieve power system capacity expansion, including through high-performance conductors that have the benefit of being able to carry double or more of the amount of power of conventional transmission wires, as well as Grid Enhancing Technologies that maximize electricity transmission across the existing system through a family of technologies that includes sensors, power flow control devices, and analytical tools. These solutions increase the capacity and throughput based on real-time conditions. Deploying these tools means that renewables and other clean sources of power can be integrated sooner and more cost-effectively than waiting for new transmission construction, which will address load growth challenges more rapidly, create good-paying jobs, and lower Americans’ utility bills.
Alongside this announcement, the U.S. Climate Alliance announced the availability of policy, technical, and analytical assistance to help participating members advance state-level efforts to carry out these commitments. In conjunction the Department of Energy is elevating the host of technical assistance programs that can support varying levels of analysis for utilities, policy makers, regulators, state energy offices, and other stakeholders.
In particular, the 21 states signing on as inaugural members will focus on:
Meeting the shared challenges and opportunities of increased load growth, a rapidly changing energy landscape, aging infrastructure, and new grid-enhancing technologies – while delivering reliable, clean, and affordable energy to consumers.
Deploying innovative grid technologies to bolster the capacity of our electric grid and more effectively meet current and future demand, maximize benefits of new and existing transmission infrastructure, increase grid resilience to the growing impacts of climate change, and better protect consumers from variability in energy prices.
Last month, the Biden-Harris Administration announced a public-private mobilization to upgrade 100,000 miles of existing lines with these types of high-impact solutions over the next five years as part of a suite of announcements in the power sector. The Administration is advancing this goal by:
Catalyzing Nationwide Collaboration on Modern Grid Technologies: Governors, regulators, utilities, labor unions, and industry all play vital roles in determining how energy infrastructure gets built. For that reason, the Biden-Harris Administration is convening these stakeholders at the White House today to explore innovative policy solutions to unlock the deployment of modern grid technologies and share best practices. The Federal government stands ready to provide technical and financial assistance and can help provide additional forums to ensure that the best ideas from states, industry, and community stakeholders can be more readily shared.
Accelerating Permitting through New Categorical Exclusions for Reconductoring: Previously, projects to upgrade a transmission line above 20 miles in length could trigger a detailed environmental review under the National Environmental Policy Act (NEPA). The Department of Energy last month expanded a categorical exclusion for upgrading and rebuilding transmission lines, replacing the previous length limits. DOE also made changes to categorical exclusions for certain energy storage and solar projects on previously developed lands. With these changes, most reconductoring projects now qualify for the simplest form of environmental review, which can take years off of project development time and allow the benefits of the transmission expansion to be realized even sooner.
Funding the Deployment of Advanced Grid Technologies: President Biden’s Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) have provided the largest investment in history to strengthen the nation’s power grid, including programs that can support transmission line upgrades. For example, DOE’s Grid Deployment Office is administering $10.5 billion in competitive grant funding through the Grid Resilience and Innovation Partnerships (GRIP) Program. The first round of GRIP awards included 10 projects that will help deploy Grid Enhancing Technologies and calls for applications for the second round placed even greater emphases on these solutions. The DOE Loan Programs Office has $250 billion of loan guarantee authority to provide low-interest financing to projects that upgrade existing energy infrastructure, with program guidance that highlights reconductoring as a qualifying project example. The Department of Agriculture’s Empowering Rural America (New ERA) program provides $9.7 billion in low interest loans or grants and represents the largest investment in rural electrification since 1936, with eligibility for transmission system upgrades.
Each of these programs advances President Biden’s Justice40 Initiative which sets a goal that 40% of the overall benefits of certain Federal climate, clean energy, affordable and sustainable housing, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution.
Reinforcing Administration Accomplishments on New Transmission Lines: The Biden-Harris Administration’s new goal to expand capacity of existing transmission lines will work alongside a historic set of actions to accelerate buildout of new projects. Since 2021, ten major transmission projects have begun construction, expected to connect nearly 20 gigawatts (GW) of new generation to the grid and reflecting over $22 billion in investment, including several projects on public lands that received approvals from the Department of the Interior. The Department of Energy issued a final rule to launch the Coordinated Interagency Transmission Authorization and Permits Program (CITAP), which streamlines the federal permitting process for qualifying electric transmission projects and helps set a standard two-year schedule for authorizations and permits, cutting the average timeframe in half. The Federal Energy Regulatory Commission (FERC) issued a final rule on Regional Transmission Planning and Cost Allocation, Order 1920, that adopts specific requirements addressing how transmission providers must conduct long-term planning for regional transmission facilities, consider the use of advanced conductors and Grid Enhancing Technologies, and determine how to pay for them, so needed transmission is built.
This fact sheet on what the Biden-Harris Administration is doing to strengthen the electric grid, boost clean energy deployment and create jobs, and cut dangerous pollution from the power sector was provided by the White House:
Since Day One, President Biden has led and delivered on the most ambitious climate and environmental justice agenda in history, including securing the largest-ever climate investment. The power sector, which is responsible for a quarter of annual U.S. greenhouse gas emissions, now has more tools than ever – including unprecedented financial support, efficient permitting, and long-term regulatory certainty – to reduce pollution and upgrade the grid to support more factories, electric vehicles, and other growing sources of electricity demand.
Today, the Biden-Harris Administration is announcing key actions to build on this momentum and deliver clean electricity to more homes and businesses, helping lower energy costs for American families and power the U.S. manufacturing renaissance driven by President Biden’s Investing in America agenda, while providing cleaner air and water to communities long overburdened by pollution from fossil fuel power plants.
The Environmental Protection Agency (EPA) is announcing a suite of standards to cut greenhouse gas emissions as well as toxic air pollution, water pollution, and land contamination from fossil fuel power plants. EPA’s greenhouse gas emission standards will avoid 1.38 billion metric tons of carbon pollution through 2047, equivalent to the annual emissions of 328 million gas cars, and together with the other standards will provide hundreds of billions of dollars in climate, environmental justice, and public health benefits, including fewer premature deaths, asthma cases, and lost work and school days. The standards announced today will ensure that power companies use modern, cost-effective technologies to reduce pollution and protect the health and wellbeing of communities, including communities historically overburdened by pollution.
The Department of Energy (DOE) is announcing up to $331 million through President Biden’s Bipartisan Infrastructure Law for a new transmission line that will be built with union labor – the latest awards from the Administration’s $30 billion investment in strengthening America’s electric grid infrastructure. A capacity contract from the Transmission Facilitation Program (TFP) will support a new 285-mile transmission line from Idaho to Nevada, bringing more than 2,000 Megawatts of needed transmission capacity to the region. The Southwest Intertie Project-North is expected to provide hundreds of jobs to workers with the International Brotherhood of Electrical Workers.
Alongside this critical investment, DOE is releasing a final rule to make federal permitting of new transmission lines more efficient, ensuring meaningful engagement with Tribes, local communities, and other stakeholders. The rule establishes the Coordinated Interagency Transmission Authorization and Permits (CITAP) program, which aims to improve coordination across agencies, create efficiencies, and establish a standard two-year timeline for federal transmission authorizations and permits. The CITAP program gives transmission developers a new option for a more efficient review process, a major step to provide increased confidence for the sector to invest in new transmission lines.
DOE is also issuing a final rule to create an even faster track for completing environmental reviews of upgrades to existing transmission lines, which will increase reliability and lower energy costs. The rule creates a categorical exclusion, the simplest form of review under the National Environmental Policy Act, for projects that use existing transmission rights of way, such as reconductoring projects, as well as for solar and energy storage projects on already disturbed lands.
Additionally, today, the Administration is launching an effort to mobilize public and private sector leaders to expand the capacity of the existing U.S. transmission network, setting an ambition to upgrade 100,000 miles of transmission lines over the next five years. The Administration has made funding available through the Grid Resilience and Innovation Partnership (GRIP) program to support upgrades to existing transmission lines, and DOE’s categorical exclusion issued today will speed up the process to upgrade existing lines. The power sector can achieve this ambition primarily by deploying modern grid technologies like high-performance conductors and dynamic line ratings that enable existing transmission lines to carry more power. As a complement to building new lines, deploying solutions like these offer fast and cost-effective ways to unlock hundreds of gigawatts of additional clean energy, increase system reliability and resilience, reduce grid congestion, and cut energy costs.
These efforts all work in tandem – historic investments from President Biden’s Investing in America agenda that are making America a magnet for clean energy investment; continued permitting progress to get projects up and running; and smart standards to provide rules of the road for power companies, enabling them to seize the unprecedented opportunities to deliver clean electricity across the country. These steps – which are part of a broader slate of Earth Week announcements – build on President Biden’s actions since Day One to tackle the climate crisis and advance environmental justice.
Upgrading the Electric Grid for Reliability and Resilience President Biden’s Investing in America agenda is delivering the largest investment in grid infrastructure in history—more than $30 billion from the Inflation Reduction Act and the Bipartisan Infrastructure Law. These investments will help deliver reliable, affordable electricity to families and businesses, prepare for worsening natural disasters that strain the grid, and unlock the economic and environmental benefits of clean energy. To help expand the transmission system at the pace necessary to confront the climate crisis, today’s actions and additional recent steps will help streamline permitting and overcome financial hurdles:
Completing a New Transmission Line: Today the Department of the Interior (DOI) is celebrating the completion of the Ten West Link transmission line from Arizona to California. The line began transmitting electricity today and will increase reliability and unlock more than 3,200 megawatts of capacity from solar projects. DOI approved the construction of this project in 2022.
Continuing to Invest in Grid Upgrades: Last week applications closed for up to $2.7 billion in DOE grant funding under the second round of the Grid Resilience and Innovation Partnerships (GRIP) program for projects to upgrade and modernize the transmission and distribution system to increase reliability and resilience. This builds upon $3.46 billion in projects selected for grid upgrades in October 2023, which are funded by President Biden’s Bipartisan Infrastructure Law.
Charting the Future of the Grid to Meet Emerging Challenges: Last week DOE released the 2024 Future of Resource Adequacy Report to lay out solutions to meet increasing electricity demand while cutting emissions and maintaining affordability. DOE also released the Innovative Grid Deployment Liftoff Report to chart pathways to deployment of modern, commercially available transmission and distribution technologies that could support 20 to 100 gigawatts of peak demand.
Revitalizing U.S. Manufacturing and Securing Clean Energy Supply Chains Thanks to incentives from President Biden’s Inflation Reduction Act and Bipartisan Infrastructure Law, the clean energy future will be made in America. Under the Biden-Harris Administration, private companies have invested almost $80 billion in clean energy manufacturing. Strengthening U.S. clean energy supply chains not only benefits American workers but also makes it easier to deploy clean energy even faster to cut emissions. Recent actions continue the progress to build and secure domestic supply chains and ensure that the U.S. will lead the world in clean energy manufacturing:
Expanding U.S. Clean Energy Manufacturing and Creating Good-Paying Jobs: The Treasury Department and DOE recently announced $4 billion in Inflation Reduction Act tax credit allocations for over 100 manufacturing projects across 35 states under the Qualifying Advanced Energy Project Tax Credit (48C). This includes projects to manufacture transformers and grid components, electric vehicle components and chargers, and transmission cables, produce clean steel, and process critical minerals and materials. These allocations include $1.5 billion for projects in historic energy communities that have experienced closure of coal mines and power plants.
Securing the U.S. Nuclear Fuel Supply Chain: Last week, DOE announced several milestones on the path to establish a domestic fuel supply chain for nuclear energy and reduce our reliance on imports. DOE recently closed the requests for proposal to purchase high-assay low-enriched uranium (HALEU) needed for advanced nuclear reactors, which is part of a $700 million program secured through the Inflation Reduction Act. Moreover, an enrichment plant (located in Piketon, Ohio) produced the first 100 kilograms of civilian HALEU ever in the United States with future plans to expand to 900 kilograms. U.S. capabilities will increase further thanks to an additional $2.7 billion made available from the Bipartisan Infrastructure Law in the Fiscal Year 2024 Energy and Water Development, which, when paired with $2.2 billion from France and the United Kingdom meets and exceeds a commitment made last fall at COP28 to pool funds to develop a safe and secure global supply chain.
Deploying Clean Energy to Meet America’s Power Needs The President’s Investing in America agenda has unleashed unprecedented investment in deployment of clean energy technologies, attracting hundreds of billions of dollars in private sector investment and creating over 270,000 new clean energy jobs. The Administration is taking additional steps to accelerate buildout of clean energy and remove roadblocks to deployment to ensure that new clean energy resources can come online fast to meet growing demand. Recent actions include:
Accelerating Offshore Wind Deployment: Yesterday DOI announced plans for the next five years of offshore wind leasing, as well as a final rule to modernize offshore wind regulations. Over the next 20 years, the final rule is expected to result in cost savings of roughly $1.9 billion to the offshore renewable energy industry, savings that can be passed onto consumers or used to invest in additional job-creating clean energy projects. Additionally, DOE released the Offshore Wind Liftoff Report, charting a path to success for the next wave of projects through continued innovation and cost reductions, along with DOE’s latest steps to support offshore wind manufacturing and transmission development. Through these actions, the Biden-Harris Administration continues to support state leadership and use every tool available to responsibly grow an American offshore wind industry that will create thousands of good-paying jobs, including federal investments and approvals under President Biden’s leadership of 10 gigawatts of commercial-scale offshore wind projects, with the first two already providing power to the grid, as well as over 1 million acres newly leased to provide offshore wind opportunities for years ahead.
Promoting Development of Renewable Energy on Public Lands: This month DOI issued a final rule to reduce fees for solar and wind projects on public lands by 80 percent and announced that DOI has now permitted more than 25 gigawatts of clean energy projects on public lands, surpassing a major milestone ahead of 2025.
Speeding Up Process to Connect New Power Plants to the Grid: Last week DOE released the Transmission Interconnection Roadmap, a first-of-its-kind report laying out solutions to accelerate the process to connect clean energy projects to the grid and reduce wait times for new solar, wind, and battery projects. The Roadmap complements $10 million that DOE recently made available for analytical tools and other approaches to accelerate the interconnection process. Additionally, the Federal Energy Regulatory Commission is moving forward to implement a series of major transmission reforms, including a final rule to streamline the interconnection process.
Taking Advantage of Extensive Geothermal Energy Resources: Last week DOI adopted categorical exclusions to expedite the review and approval of geothermal energy exploration on public lands. In addition, DOE recently released a new Pathways to Commercial Liftoff report on geothermal power, which showed how U.S. geothermal energy production could grow by a factor of 20 to 90 Gigawatts by 2050.
Improving the State and Local Renewable Energy Siting Process: Last week DOE opened a funding opportunity for state-based collaboratives to build capacity to improve renewable energy planning and siting processes. This funding, supported by the Inflation Reduction Act, will accelerate the siting process to bring renewable energy online faster while improving outcomes for host communities, local governments, and disadvantaged communities.
Ensuring All Communities Benefit from Clean Energy From Day One, President Biden has prioritized ensuring that all communities benefit from clean energy deployment, including the energy communities and workers that have powered our nation for generations and the low-income households that are burdened with high energy bills. The Administration has followed through on these commitments—not just talking about coal and power plant communities but investing in them. The President’s Investing in America agenda is creating good-paying and union jobs in energy communities, bringing solar energy to low-income households to reduce energy bills, supporting community engagement and improved outcomes for state and local permitting, and increasing grid reliability and resilience through distributed energy solutions. The President’s Justice40 Initiative sets a goal that 40% of the overall benefits of certain federal in climate, clean energy, and other investments flow to disadvantaged communities that have been marginalized by underinvestment and overburdened by pollution. Recent actions continue this progress:
Reducing Energy Bills for Low-Income Households: This week the EPA announced $7 billion to deploy solar energy for low-income communities through the Solar for All program, funded by the Inflation Reduction Act. The 60 selections will provide funding to support 60 states, territories, Tribal governments, municipalities, and nonprofits to enable low-income and disadvantaged communities to benefit from solar, cutting annual electricity bills by more than $350 million for low-income households, creating an estimated 200,000 jobs, and increasing grid reliability.
Deploying Clean Energy in Energy Communities: DOE recently announced up to $475 million for five projects in Arizona, Kentucky, Nevada, Pennsylvania, and West Virginia to accelerate clean energy deployment on current and former mine lands. The projects, supported by President Biden’s Bipartisan Infrastructure Law, will deploy geothermal, pumped-storage hydropower, solar, and battery storage and will spur new economic opportunities in communities that have helped power the nation for generations.
Building Opportunities for Coal and Power Plant Communities to Continue Powering America: DOE recently released an information guide and technical study for communities and stakeholders who are considering replacing their coal plants with nuclear. Coal-to-nuclear transition can significantly reduce the cost of nuclear plant construction, while creating new high-paying jobs, increasing community income and revenue, and improving public health. DOE’s study found that, with adequate planning and training support, most workers at an existing coal plant should be able to transition to work at a replacement nuclear plant.
Building a National Network to Finance Local Clean Energy Projects: This month the EPA announced $20 billion in grant awards under two competitions from the Greenhouse Gas Reduction Fund to create a national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution. One selectee, the Green Bank for Rural America, will help bring clean energy to rural America and energy communities, with a particular focus on Appalachia, helping ensure that the communities that have powered the nation for a century do not get left behind in the energy transition.
Funding Microgrids for Tribal Communities: DOE recently announced a $72.8 million conditional commitment to fund a solar-plus-storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians. This will reduce the cost of energy, power local commercial business, create 250 construction jobs prioritizing Tribal, minority and veteran-owned contractors, and enhance the Tribal energy sovereignty.
Advancing Environmental Justice: Through the Justice40 Initiative, 518 programs across 19 federal agencies are being reimagined and transformed to ensure the benefits reach the communities that need them most. Federal agencies are making this happen with the Climate and Economic Justice Screening Tool, which is used to identify communities that benefit from the Justice40 Initiative.
First-of-its-kind national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution
Vice President Kamala Harris and EPA Administrator Michael Regan announced s $20 billion in awards to stand up a national financing network that will fund tens of thousands of climate and clean energy projects across the country, especially in low-income and disadvantaged communities, as part of President Biden’s Investing in America agenda.
This investment is part of the Environmental Protection Agency’s Greenhouse Gas Reduction Fund, afirst-of-its-kind and national-scale $27 billion program funded through President Biden’s Inflation Reduction Act to combat the climate crisis by catalyzing public and private capital for projects that slash harmful climate pollution, improve air quality, lower energy costs, and create good-paying jobs. This program will ensure communities across the country have access to the capital they need to participate in and benefit from a cleaner, more sustainable economy.
Vice President Kamala Harris and EPA Administrator Michael Regan were joined by Governor Roy Cooper, Mayor Vi Lyles, and Congresswoman Alma Adams in Charlotte, North Carolina to announce the selections under these two grant competitions.
This historic investment will support a wide range of climate and clean energy projects, including distributed clean power generation and storage, net-zero retrofits of homes and small businesses, and zero-emission transportation, all of which can lower energy costs for families and improve housing affordability while tackling the climate crisis. Collectively, the selected applicants have committed to reducing or avoiding up to 40 million metric tons of carbon pollution annually over the next seven years, contributing toward the Biden-Harris Administration’s historic climate goals. In addition, selectees plan to mobilize almost $7of private capital for every $1 of federal funds—approximately $150 billion total—ensuring that today’s awards will have a catalytic, ongoing effect on the deployment of climate and clean energy technologies at scale, particularly in underserved communities.
The Greenhouse Gas Reduction Program advances the Biden-Harris Administration’s Justice40 Initiative, which sets the goal that 40% of the overall benefits from certain federal climate, clean energy, and other investments flow to disadvantaged communities that are marginalized by underinvestment and overburdened by pollution. At least70% of the funds announced today—over $14 billion of capital—will be invested in low-income and disadvantaged communities, including historic energy communities that have powered our nation for over a century, communities with environmental justice concerns, communities of color, low-income communities, rural communities, Tribal communities, and more. This makes the Greenhouse Gas Reduction Fund the singlelargest non-tax investment within the Inflation Reduction Act to build a clean energy economy while benefiting communities historically left behind.
Meanwhile, Republicans in Congress are already attempting to roll back these historic investments. Last month, the House of Representatives passed H.R. 1023, which would repeal the EPA’s Greenhouse Gas Reduction Fund. On March 19, President Biden issued a Statement of Administration Policy with his intent to veto that bill if it were to pass the Senate and come to his desk.
Greenhouse Gas Reduction Fund Selectees
The $20 billion in awards announced today will be deployed through eight selected applicants across two separate and complementary programs under EPA’s Greenhouse Gas Reduction Fund—the $14 billion National Clean Investment Fund (NCIF) and the $6 billion Clean Communities Investment Accelerator (CCIA). Together, the two programs will create a first-of-its-kind national network of mission-driven, community-led financial institutions that will finance climate and clean energy projects across the country, especially in low-income and disadvantaged communities.
Under the $14 billion National Clean Investment Fund (NCIF), selected applicants will partner with the private sector, community organizations, and others to provide accessible, affordable financing for new clean technology projects nationwide. While EPA required that at least 40 percent of NCIF funds flow to low-income and disadvantaged communities, each selected applicant significantly surpassed that requirement. Therefore, almost 60 percent of NCIF funds will flow to the communities that need it most. The three NCIF selectees are:
Climate United Fund ($6.97 billion award), a nonprofit formed by Calvert Impact to partner with two U.S. Treasury-certified Community Development Financial Institutions (CDFIs), Self-Help Ventures Fund and Community Preservation Corporation. Together, these three nonprofit financial institutions bring a decades-long track record of successfully raising and deploying $30 billion in capital with a focus on low-income and disadvantaged communities. Climate United Fund’s program will focus on investing in harder-to-reach market segments like consumers, small businesses, small farms, community facilities, and schools—with at least 60% of its investments in low-income and disadvantaged communities, 20% in rural communities, and 10% in Tribal communities.
Coalition for Green Capital ($5 billion award), a nonprofit with almost 15 years of experience helping establish and work with dozens of state, local, and nonprofit green banks that have already catalyzed $20 billion into qualified projects—and that have a pipeline of $30 billion of demand for green bank capital that could be coupled with more than twice that in private investment. The Coalition for Green Capital’s program will have particular emphasis on public-private investing and will leverage the existing and growing national network of green banks as a key distribution channel for investment—with at least 50% of investments in low-income and disadvantaged communities.
Power Forward Communities ($2 billion award), a nonprofit coalition formed by five of the country’s most trusted housing, climate, and community investment groups that is dedicated to decarbonizing and transforming American housing to save homeowners and renters money, reinvest in communities, and tackle the climate crisis. The coalition members—Enterprise Community Partners, LISC (Local Initiatives Support Corporation), Rewiring America, Habitat for Humanity, and United Way—will draw on their decades of experience, which includes deploying over $100 billion in community-based initiatives and investments, to build and lead a national financing program providing customized and affordable solutions for single-family and multi-family housing owners and developers—with at least 75% of investments in low-income and disadvantaged communities.
Through the $6 billion Clean Communities Investment Accelerator (CCIA), selected applicants will establish hubs that provide funding and technical assistance to community lenders working to finance clean technology projects in low-income and disadvantaged communities—leading to near-term deployment of climate and clean energy projects while building the capacity of community lenders to finance projects at scale for years to come. 100 percent of CCIA funds will flow to low-income and disadvantaged communities. The five selectees of the CCIA are:
Opportunity Finance Network ($2.29 billion award), a ~40-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 400+ community lenders—predominantly U.S. Treasury-certified CDFI Loan Funds—which collectively hold $42 billion in assets and serve all 50 states, the District of Columbia, and several U.S. territories.
Inclusiv ($1.87 billion award), a ~50-year-old nonprofit CDFI Intermediary that provides capital and capacity building for a national network of 900+ mission-driven, regulated credit unions—which include CDFIs and financial cooperativas in Puerto Rico—that collectively manage $330 billion in assets and serve 23 million individuals across the country.
Native CDFI Network ($400 million award), a nonprofit that serves as national voice and advocate for the 60+ U.S. Treasury-certified Native CDFIs, which have a presence in 27 states across rural reservation communities as well as urban communities and have a mission to address capital access challenges in Native communities.
Justice Climate Fund ($940 million award), a purpose-built nonprofit supported by an existing ecosystem of coalition members, a national network of more than 1,200 community lenders, and ImpactAssets—an experienced nonprofit with $3 billion under management—to provide responsible, clean energy-focused capital and capacity building to community lenders across the country.
Appalachian Community Capital ($500 million award), a nonprofit CDFI with a decade of experience working with community lenders in Appalachian communities, which is launching the Green Bank for Rural America to deliver clean capital and capacity building assistance to hundreds of community lenders working in coal, energy, underserved rural, and Tribal communities across the United States.
Expanding Access to Clean Energy
Today’s historic Greenhouse Gas Reduction Fund announcement builds on a range of innovative tools and programs in President Biden’s Investing in America agenda that aim to empower the communities that can benefit most from new investments to take an active role in building the clean energy economy. These programs leverage a range of approaches to make it easier and more affordable for states, cities, Tribes, schools, nonprofit organizations, and businesses of all sizes to build, own, and benefit from cost-saving clean energy projects, invest in energy efficiency improvements, expand access to clean transportation, and participate fully in decisions that affect underserved communities and populations.
For example:
In March, the Treasury Department finalized rules for direct pay—a provision in the Inflation Reduction Act that enables, for the first time, tax-exempt entities like states, cities, Tribes, counties, territories, nonprofit organizations, public schools, hospitals, rural electric co-operatives, and more to access clean energy tax credits and fully participate in building and owning new clean energy projects. For example:
To meet its goal of 100% carbon free operations by 2030, the City of Madison, Wisconsin is planning to access $13 million via direct pay to support transitioning their municipal fleet to low and no-carbon vehicles, as well as for solar and geothermal energy projects.
The City of San Antonio, Texas is taking advantage of direct pay to build and own the largest municipal onsite solar project in Texas. This $30 million project will install roof top, parking, and park canopy solar photovoltaic systems at 42 city facilities to lower their energy costs and energy consumption and make progress toward their goal of achieving net-zero energy for all municipal buildings by 2040.
The Inflation Reduction Act’s transferability provision allows businesses to transfer all or a portion of certain clean energy tax credits to a third-party in exchange for cash, so that small businesses, start-ups, and other entities without sufficient tax liability may still take advantage of the credits. The Internal Revenue Service (IRS) has already registered more than 45,000 new projects seeking to benefit from this new tool, which is lowering financing costs for clean energy projects and helping accelerate the buildout of the clean energy economy.
The Low-Income Communities Bonus Credit program created by the Inflation Reduction Act promotes cost-saving clean energy investments in low-income communities, on Tribal lands, as part of affordable housing developments, and that benefit low-income households by providing a 10 to 20 percentage point bonus credit for up to 1.8 GW of small clean energy projects per year. In the first year of the program, the administration received more than 46,000 applications for allocations, signaling robust market demand to build projects serving low-income communities. The second year of the program will open for applications later this spring.
In March, the Department of Energy’s Loan Programs Office (LPO) offered its first conditional commitment through the Tribal Energy Financing Program, which was expanded and provided new loan authority by the Inflation Reduction Act to support tribal entities in building out energy infrastructure. LPO announced up to $72.8 million for a partial loan guarantee to finance the development of a solar-plus long-duration energy storage microgrid on the Tribal lands of the Viejas Band of the Kumeyaay Indians near Alpine, California.
Last week, LPO offered its first conditional commitment through the Energy Infrastructure Reinvestment Program under Title 17 Clean Energy Financing Section 1706, first authorized and appropriated by the Inflation Reduction Act, to finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to reduce pollution. These projects direct new investment in historical energy communities that have powered our nation for over a century. Last week’s offer of a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades will finance the restoration and resumption of service of an 800-MW electric nuclear generating station in Covert Township, Michigan that closed in May 2022 and upgrade it to produce baseload clean power for decades to come.
Last week, the Department of Housing and Urban Development (HUD) Acting Secretary Todman traveled to Chicago to announce that the Department has now awarded more than half of the nearly $1 billion provided through the Inflation Reduction Act to make homes more energy-efficient, comfortable, and climate resilient for low-income Americans. The Green and Resilient Retrofit Program makes grants and loans to finance energy and climate renovations in HUD-assisted multifamily housing for low-income individuals, families, and seniors.
Since the start of the Biden-Harris Administration, the U.S. Department of Agriculture (USDA) has invested more than $1.8 billion through their Rural Energy for America Program, which provides guaranteed loan financing and grant funding for rural small businesses and agricultural producers to adopt clean energy and save money. President Biden’s Inflation Reduction Act invests more than $2 billion to expand this program, and USDA just announced the latest tranche of over $120 million in awards for projects in 44 states last week.
In December 2023, EPA announced 11 grant makers to receive $600 million from the Inflation Reduction Act through the Environmental Justice Thriving Communities Grantmaking Program to offer subgrants for environmental justice projects to local community-based organizations around the country. This new program is designed to make it easier for small community-based organizations to access federal environmental justice funding and responds to feedback about the need to reduce barriers to federal funds and improve the efficiency of the awards process to benefit underserved communities.
In November 2023, EPA announced approximately $2 billion in funding available to support community-driven projects that deploy clean energy, strengthen climate resilience, and build capacity for communities to tackle environmental and climate justice challenges. The Community Change Grants Program is the single largest investment in environmental justice going directly to communities in history, and will advance collaborative efforts to achieve a healthier, safer, and more prosperous future for all.
President Biden visited Philly Shipyard, where union workers are building a new offshore wind vessel as part of continued manufacturing boom—while Republicans in Congress voted to repeal the Inflation Reduction Act and continue to try to block clean energy progress. This is a fact sheet from the White House on how Bidenomics is boosting clean energy manufacturing for offshore wind, which is creating well-paying union jobs in America that cannot be outsourced, while advancing the transition to a clean-energy economy to stem the existential impacts of climate change—Karen Rubin/news-photos-features.com
President Biden’s economic agenda—Bidenomics— is fueling America’s clean energy future, creating American-made products in American factories with American workers, and attracting more than $500 billion in private sector manufacturing and clean energy investments, including in the offshore wind industry. President Biden visited Philadelphia, Pennsylvania for a steel-cutting ceremony at the Philly Shipyard for the first offshore wind vessel of its kind to be Made in America and Jones Act compliant, employing over 1,000 workers across nine unions to build the vessel, using steel plates made by the United Steelworkers in Indiana, and generating an estimated $125 million of U.S. economic activity each year. This project is another example of how Bidenomics is growing the economy from the middle out and the bottom up.
Under President Biden’s leadership, the American offshore wind industry is rapidly expanding—creating good-paying union jobs across the manufacturing, shipbuilding, and construction sectors. Since President Biden took office, companies have announced 18 offshore wind shipbuilding projects as well as investments of nearly $3.5 billion across 12 manufacturing facilities and 13 ports to strengthen the American offshore wind supply chain, representing thousands of new jobs. New data released shows there are more than 4,100 companies in all 50 states that are looking to support the U.S. offshore wind industry, up 54% since President Biden signed the Inflation Reduction Act.
President Biden also announced the first-ever Gulf of Mexico offshore wind lease sale. This is the latest in a broad set of actions by the Biden-Harris Administration to build 30 gigawatts of offshore wind projects by 2030—enough to power more than 10 million homes with clean energy. A key pillar of Bidenomics, President Biden’s Investing in America agenda will help create offshore wind jobs across the country, including through tax credits from the Inflation Reduction Act to support Made in America wind turbines and ships.
However, if Republicans in Congress had their way, their states would have lost out on billions of dollars in investments, jobs, and opportunity. In Pennsylvania alone, companies have committed to invest approximately $2 billion in manufacturing and clean energy investments since President Biden took office. Yet nearly every Republican Member of the House voted again to overturn the Inflation Reduction Act’s clean energy tax credits in April 2023—doubling down on their opposition at a time when manufacturers were investing in their state.
Bidenomics is Catalyzing America’s Clean Energy and Offshore Wind Industry
As part of President Biden’s historic actions to build a clean energy economy, the Biden-Harris Administration has jumpstarted an American offshore wind industry that will strengthen the nation’s energy security, make the power grid more reliable while lowering energy costs, and reduce dangerous climate pollution. The Biden-Harris Administration’s actions to advance responsible offshore wind deployment are creating opportunities up and down the supply chain. A report released today by the Business Network for Offshore Wind shows the immense growth of the U.S. offshore wind industry since President Biden took office, with the Inflation Reduction Act catalyzing further progress:
Since January 2021, investments in the U.S. offshore wind industry have quadrupled from $5 billion to $21.6 billion, including growth of $7.7 billion since President Biden signed the Inflation Reduction Act. These totals reflect investments across specific project lease areas as well as the supply chain, port and transmission infrastructure, and workforce development needed to support the industry.
More than 4,100 companies across all 50 states have joined a supplier registry to express interest in providing components and services to the offshore wind industry—169% growth since President Biden took office and up 54% since he signed the Inflation Reduction Act.
The U.S. offshore wind industry now includes nearly 1,500 contracts for work in the growing American market, growth of 272% since President Biden took office and up 47% since he signed the Inflation Reduction Act, with 90% of these contracts going to companies that are either U.S. headquartered or have a U.S. presence.
This nationwide growth reflects jobs up and down the offshore wind supply chain and across the country. For example, today’s steel-cutting ceremony at the Philly Shipyard launches the construction of the Acadia, the first-ever Jones Act compliant vessel for offshore wind subsea rock installation—a contract that was announced as a direct result of the Administration’s clean energy agenda. This vessel will be crewed by American mariners and take rocks from American quarries to protect the foundations of offshore wind projects that produce American clean energy. Additional supply chain progress includes:
New and expanded ports and manufacturing facilities: Today the Department of Energy (DOE) published an updated map of offshore wind supply chain investments announced just since President Biden took office, including nearly $3.5 billion across 12 manufacturing facilities and 13 ports—representing major new economic opportunities across not just the East Coast, but also in the Midwest and along the Gulf of Mexico and West Coast. Under President Biden, the Department of Transportation’s Maritime Administration (MARAD) has awarded more than $100 million for port projects to support offshore wind development, through the Port Infrastructure Development Program expanded by the Bipartisan Infrastructure Law.
Vessel construction across multiple states: Since President Biden took office, companies have also announced investments to build 18 offshore wind vessels across states including Florida, Louisiana, New York, Massachusetts, Michigan, Rhode Island, and Wisconsin. Last year, MARAD announced the designation of offshore wind vessels as Vessels of National Interest for priority consideration under the Federal Ship Financing Program. Since then, MARAD has received and advanced reviews of applications for a variety of offshore wind vessel types.
Steel manufacturing boosts to support offshore wind industry:Recent announcements include an investment of $145 million to upgrade a steel facility in Mingo Junction, Ohio—following previously announced upgrades of $260 million for a steel plate mill in Baytown, Texas—to serve the offshore wind industry and the broader clean energy industry; a new advanced component steel facility in Baltimore that will construct and assemble offshore wind components using steel prefabricated at Maryland facilities; and an additional contract for a facility in western New York to provide specialized structural steelwork for the Revolution Wind and South Fork Wind projects.
Earlier this year at the International Offshore Wind Partnering Forum in Baltimore, White House National Climate Advisor Ali Zaidi outlined ten ways the Administration is making progress toward the goal of deploying 30 gigawatts of offshore wind energy by 2030. Recent progress made by the Biden-Harris Administration toward this goal includes:
New Lease Areas: Today the Department of the Interior (DOI) is issuing the final sale notice for the first-ever offshore wind lease sale in the Gulf of Mexico, which will take place on August 29. This historic sale—with enough clean energy potential to power almost 1.3 million homes—will include one lease area of 102,480 acres offshore Lake Charles, Louisiana, and two lease areas totaling nearly 200,000 acres offshore Galveston, Texas. This sale will follow the Administration’s offshore wind sales in the New York Bight, Carolina Long Bay, and northern and central California, as well as yesterday’s announcement that DOI’s Bureau of Ocean Energy Management (BOEM) has completed another step in reviewing a potential offshore wind research lease in the Gulf of Maine.
Efficient and Responsible Permitting: Earlier this week, BOEM completed environmental analysis of the proposed Revolution Wind project offshore Rhode Island. If approved, it could power more than 300,000 homes with clean energy. This permitting milestone follows BOEM’s final construction approval earlier this month for the nation’s third large-scale offshore wind project, Ocean Wind 1 off the coast of New Jersey, which is expected to create more than 3,000 good-paying jobs. Other recent progress includes draft Environmental Impact Statements for six additional projects: Empire Wind, Sunrise Wind, Coastal Virginia Wind (CVOW), New England Wind, SouthCoast Wind, and Atlantic Shores South. In total, BOEM and cooperating agencies are on track to complete reviews of at least 16 project plans by 2025, representing more than 27 gigawatts of clean energy. The Administration is holding projects to high standards for community engagement and environmental protection, including work by the National Oceanic and Atmospheric Administration (NOAA) to ensure protection of coastal and marine resources, and requiring offshore wind projects to adopt extensive monitoring and mitigation measures that reduce the potential for impacts to protected species.
Construction Milestones: The nation’s first two large-scale offshore wind projects, approved by the Biden-Harris Administration, are both being built by union labor and achieved “steel in the water” by starting to install foundations last month. These projects will provide a wide range of benefits. For example, Vineyard Wind offshore Massachusetts will create enough clean electricity to power 400,000 homes, save customers $1.4 billion on their utility bills over 20 years, and reduce climate pollution by more than 1.5 million metric tons each year—the equivalent of taking 325,000 gas cars off the road—while creating 3,600 good-paying jobs. South Fork Wind offshore New York is using high-tech cables made in Charleston, South Carolina at a new factory, an electrical substation engineered in Kansas and fabricated in Texas, and a service operations vessel being built at shipyards in Louisiana, Mississippi, and Florida, with components sourced from across 34 states.
President Biden’s Investing in America Agenda Has Accelerated American Zero Emission Vehicles Production and Positioned the U.S. to Lead the Clean Vehicles Future
The Biden-Harris Administration announced new proposed vehicle pollution standards to make all vehicles, including gas-powered cars and heavy-duty trucks, cleaner and more efficient. The proposed standards would protect public health by cutting nearly 10 billion tons of CO2 emissions – twice the annual U.S. emissions today. They would also save consumers on average $12,000 over the lifetime of a vehicle. And they would strengthen American energy security by reducing reliance on 20 billion barrels of imported oil.
Cars and truck manufacturers have made clear that the future of transportation is electric. The market is moving. Since President Biden took office, the private sector – including the American auto industry – has invested more than $120 billion in the American-made electric vehicle and battery supply chain. The United States can seize this moment to secure American leadership in the global race to a clean transportation future, or let competitors like China out-compete us for the jobs and investments building that future.
As a car enthusiast and self-proclaimed car guy, President Biden is seizing the moment. His Investing in America agenda is expanding domestic manufacturing and accelerating adoption of zero-emission vehicles (ZEV), including battery electric, plug-in hybrid electric, and fuel cell electric vehicles. This is bringing good-paying jobs back home and putting the United States on a bold path to out-compete China in securing the jobs and investments of the future.
The pollution standards proposed today by the Biden-Harris Administration will:
Spur Adoption of Pollution-Reducing Technology for Nearly All Road Vehicles
The Environmental Protection Agency is proposing two new rules to improve public health and combat climate change that will also lower costs for families and create good-paying jobs. The first rule would target emissions of greenhouse gases and smog- and soot-forming pollutants from passenger cars, vans, and light trucks. The second rule would update vehicle emissions standards for greenhouse gas emissions from buses, freight trucks, and other heavy-duty vehicles. This rule builds on the final standards that EPA released in December 2022 for criteria pollutant emissions from heavy-duty vehicles.
The proposed updates would:
Protect Public Health. Through 2055, EPA projects that the proposed standards would avoid nearly 10 billion tons of CO2 emissions — equivalent to more than twice the annual U.S. CO2 emissions in 2022.
Lower Consumer Costs. By leveraging accelerated adoption of technologies that reduce fuel and maintenance costs alongside pollution, the proposed standards would save the average consumer $12,000 over the lifetime of the vehicle. The proposals would also result in approximately $12 billion in reduced reliance on oil imports. Rapid innovation in the automotive sector has driven down the cost of emissions-reducing technology and put us closer to a clean transportation sector.
Accelerate the Clean Vehicle Transition in Technology-Neutral Way. The EPA’s approach is technology-neutral, meaning that better-designed gas vehicles, hybrids, fuel cell vehicles, and other innovations could all be used to meet stricter standards. But with EV technology getting better and cheaper every day, and consumer demand rising rapidly, many manufacturers would likely rely on fully electric vehicles for compliance. EPA estimates that by 2032, if finalized, the proposed rules could result in electrification of 67% of new sedans, crossovers, SUVs, and light trucks; 50% of new vocational vehicles (such as buses and garbage trucks); 35% of new short-haul freight tractors; and 25% of new long-haul freight tractors.
Reinforce President Biden’s Investing in America Agenda to Continue Building a Clean Transportation Future Made in America
These standards build on the generational investments secured by the Biden-Harris Administration that will ensure our nation’s transportation systems are clean, affordable, equitable, and Made in America. In the first year of his Administration, President Biden set a goal that at least 50 percent of all new passenger cars and light trucks sold in 2030 be zero-emission vehicles. A year later, President Biden joined countries around the world in targeting that 100 percent of all new medium- and heavy-duty vehicles sold in 2040 be zero-emission vehicles, with an interim 30 percent sales target for these vehicles in 2030.
The United States is making strong progress towards these goals. Under President Biden’s watch, the number of available electric models have doubled while the number of electric car sales have tripled. There are over 130,000 public chargers now available across the country – with all 50 states now implementing a historic federal investment to build a new national charging network. The iconic yellow school bus is going green and the U.S. Postal Service is shifting to fully electric. The private sector has committed more than $120 billion into the American-made electric vehicle and battery supply chain in the last two years alone. U.S. capacity to source the critical materials and inputs for this supply chain is also rapidly expanding. Through partnerships with unions and industry, the Administration is lifting up the workers who represent America’s competitive edge – and is ready to take on and tap into the massive economic opportunity embedded in this shift.
This extraordinary progress is propelled in large part by public and private investments made under President Biden’s leadership, including:
Nearly $25 billion through the Bipartisan Infrastructure Law to support clean transportation, including by building a national network of EV chargers and alternative-fuel stations; ensuring domestic manufacturers have the materials they need to make EV batteries; and funding clean transit and clean school buses, with priority for underserved communities.
$6 billion through the Inflation Reduction Act to directly support the clean-vehicle transition, including by extending loans to manufacture clean vehicles and their components in the United States; retooling domestic production lines for clean vehicles; and funding for Tribal, state, and local governments deploy clean heavy-duty vehicles, especially in nonattainment areas.
More than $120 billion of private investments in EVs and batteries in the United States since President Biden has taken office.
President Biden has also acted to ensure a seamless clean-vehicle transition that benefits all Americans, including by:
Securing tax credits that make new and previously owned clean vehicles more affordable to working families.
Setting national standards to make charging EVs convenient and reliable for all Americans – no matter what car you drive or which state you charge in.
Approving EV charging plans for all 50 states, D.C., and Puerto Rico, unlocking over $1.5 billion in initial funding to cover 75,000 miles of highways with Made-in-America EV chargers through the National Electric Vehicle Infrastructure (NEVI) program. DOT also has made available over $700 million in funding to deploy publicly accessible charging and alternative fueling infrastructure in communities across the country.
Encouraging companies, nonprofits, and others to expand community EV charging, increase consumer understanding about different types of clean transportation, and help consumers access clean-transportation benefits.
Releasing a Rural EV toolkit to help ensure all Americans, regardless of where they live, can benefit from the lower operating costs, reduced maintenance needs, and improved performance that EVs provide.
Activating the purchasing power of the federal government to procure 100 percent zero-emission light-duty vehicles by 2027 and all vehicles by 2035.
Launching pathbreaking partnerships, like the Department of Energy’s agreement with AFL-CIO to launch a national workforce development strategy for lithium-battery manufacturing, including pilot programs to train battery manufacturing workers and bolster the domestic battery supply chain.
Through the White House Talent Pipeline Challenge, International Brotherhood of Electrical Workers (IBEW) has certified 20,000 electricians through Registered Apprenticeships like the Electric Vehicle Infrastructure Training Program (EVITP).
Providing a clear pathway for a continued rise in EV sales and protecting future generations from the impacts of climate change is a win-win for all Americans.
This is from a White House fact sheet on the Biden-Harris administration’s proposed Federal Supplier Climate Risks and Resilience Rule which would require major Federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets, which President Biden outlined at COP27 .
The Biden-Harris Administration is taking historic action to address greenhouse gas emissions and protect the Federal Government’s supply chains from climate-related financial risks. In support of President Biden’s Executive Orders on Climate-Related Financial Risk and Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability, the Administration is proposing the Federal Supplier Climate Risks and Resilience Rule, which would require major Federal contractors to publicly disclose their greenhouse gas emissions and climate-related financial risks and set science-based emissions reduction targets.
President Biden highlighted this proposed action at the 27th Conference of the Parties to the U.N. Framework Convention on Climate Change (COP27) in Sharm El Sheikh, Egypt. Through this action, the United States would become the first national government to strengthen its supply chain by requiring major suppliers to set Paris Agreement-aligned emissions reduction goals.
As the world’s single largest buyer of goods and services—purchasing over $630 billion in the last fiscal year alone—the Federal Government faces significant financial risks from climate change. Supply chain disruptions over the past year have impacted every sector, including the Federal Government and its critical contractors and subcontractors. The new Federal Supplier Climate Risks and Resilience Rule would strengthen the resilience of vulnerable Federal supply chains, resulting in greater efficiencies and reduced climate risk.
The proposed action is also an integral part of the President’s Federal Sustainability Plan, which set a goal to achieve net-zero emissions procurement by 2050. The Federal Supplier Climate Risks and Resilience Rule covers approximately 85 percent of the emissions associated with the Federal supply chain, which are estimated to be more than twice as large as the emissions from operating the Federal Government’s 300,000 buildings and 600,000 vehicles combined.
Managing emissions builds efficiency and effectiveness, and can reduce costs for Federal suppliers. Since establishing the Federal Government’s own climate goals, energy use by buildings and vehicles has dropped 32 percent, saving taxpayers $11.8 billion annually. Suppliers understand that you cannot manage what you don’t measure—tracking emissions and setting and meeting targets can increase resilience and reduce costs.
Federal Supplier Climate Risks and Resilience Rule
The proposed Federal Supplier Climate Risks and Resilience Rule provides a targeted, risk-based approach by focusing primarily on major Federal suppliers. Under the proposed rule, the largest suppliers including Federal contractors receiving more than $50 million in annual contracts would be required to publicly disclose Scope 1, Scope 2, and relevant categories of Scope 3 emissions, disclose climate-related financial risks, and set science-based emissions reduction targets. Federal contractors with more than $7.5 million but less than $50 million in annual contracts would be required to report Scope 1 and Scope 2 emissions. All Federal contractors with less than $7.5 million in annual contracts would be exempt from the rule. Small businesses with over $7.5 million in annual contracts would only be required to report Scope 1 and Scope 2 emissions under the proposed rule.
This proposed rule leverages widely-adopted third party standards and systems that many Federal contractors already use when disclosing their emissions and setting emissions reduction targets, including the CDP environmental reporting system, the Task Force on Climate-Related Financial Disclosures (TCFD) Recommendations, and the Science Based Targets Initiative (SBTi) criteria.
Today, more than half of major Federal contractors are already disclosing climate related information. These Federal contractors are among the 18,700 companies globally—worth more than half of global market capitalization—that voluntarily disclose emissions and climate risk through CDP, including 1,800 small and medium-sized enterprises. Further, nearly 4,000 companies globally—representing one third of the global economy’s market capitalization—have voluntarily committed to setting science-based targets.
The Federal Acquisition Regulatory Council, composed of the Department of Defense, the General Services Administration, the National Aeronautics and Space Administration, and chaired by the Office of Federal Procurement Policy in the Office of Management and Budget, is issuing this proposed rulemaking, which would amend the Federal Acquisition Regulation (FAR) to implement these changes, if finalized. The FAR is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds.
