News13Now
  • Home
  • News
    • All
    • Business
    • Politics
    • Science
    • World
    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Tornadoes and storms hit Arkansas, Illinois, Indiana and other states – The Washington Post

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    San Francisco's Chinatown Business Suffers Two Break-Ins – NBC Bay Area

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Babylon Bee CEO: The world is difficult to satirize right now because it’s so insane – Fox News

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Second Chance Education (SCE) Signature Features – World – ReliefWeb

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    CTU Members Take Legal Action Against Union for Political Spending – WTTW News

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Wynne, Arkansas Takes Direct Hit From Violent Tornado – FOX Weather

    Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

    Not SpongeBob: Florida man lives under the sea for science – WKMG News 6 & ClickOrlando

    Trending Tags

    • Lifestyle
      • All
      • Food
      • Health
      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Cooking with Tammy Kelly: Fun Foods for Easter Snacks — Neuse … – Neuse News

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Cano Health’s Board Drama Comes As Primary Care Firms Try To Attract Buyers – Forbes

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Food Friday: Italian cooking with James Beard nominated Wisconsin … – Wisconsin Public Radio

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Bay Cliff Health Camp in need of counselors for summer – WLUC

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      How 100 Top Tables’ Best Chef Silas Li is transforming Chinese cooking – South China Morning Post

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Costa Mesa Boys & Girls Club class puts 'kid' in kidney health – Los Angeles Times

      Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

      Mebane Enterprise Events – I Cannoli Have Eyes for Cooking – Mebane Enterprise

      Trending Tags

      • Entertainment
        • All
        • Sports
        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Padres Agree to 7-Year Extension with All-Star Infielder – Sports Illustrated

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Student artists bring life to King Hall stairway – The Bulletin

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Diamondbacks' uneven Opening Day points to more potential than promise – FOX Sports

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Fancy food hall, high end shopping coming to Park Square in Uptown – KRQE News 13

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Kentucky Senate passes bill legalizing sports betting, sends to Beshear – Courier Journal

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        ‘Murder Mystery 2: Jennifer Aniston refuses to stand next to Adam Sandler – Geo News

        Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

        Milwaukee takes on Boston after Holiday's 51-point showing – FOX Sports

        Trending Tags

        • Tech
          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Teens help seniors learn how to use technology – CBS News

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Like a Cable Boss: Connecting Medical Technology – DVIDS

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Local Author To Be Published Using State-Of-The-Art Technology – Yellow Scene

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Will Pentagon Rush To Buy Ammo Advance New “Open Energetics Architecture” Technologies? – Forbes

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Marvell Technology: Upgrade To Buy Post-Haircut (NASDAQ:MRVL) – Seeking Alpha

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco – Yahoo Finance

          Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

          Toledo Technology students get early look at engineering careers – Toledo Blade

          Trending Tags

          Saturday, April 1, 2023
          No Result
          View All Result
          • Home
          • News
            • All
            • Business
            • Politics
            • Science
            • World
            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Tornadoes and storms hit Arkansas, Illinois, Indiana and other states – The Washington Post

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            San Francisco's Chinatown Business Suffers Two Break-Ins – NBC Bay Area

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Babylon Bee CEO: The world is difficult to satirize right now because it’s so insane – Fox News

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Second Chance Education (SCE) Signature Features – World – ReliefWeb

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            CTU Members Take Legal Action Against Union for Political Spending – WTTW News

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Wynne, Arkansas Takes Direct Hit From Violent Tornado – FOX Weather

            Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

            Not SpongeBob: Florida man lives under the sea for science – WKMG News 6 & ClickOrlando

            Trending Tags

            • Lifestyle
              • All
              • Food
              • Health
              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Cooking with Tammy Kelly: Fun Foods for Easter Snacks — Neuse … – Neuse News

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Cano Health’s Board Drama Comes As Primary Care Firms Try To Attract Buyers – Forbes

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Food Friday: Italian cooking with James Beard nominated Wisconsin … – Wisconsin Public Radio

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Bay Cliff Health Camp in need of counselors for summer – WLUC

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              How 100 Top Tables’ Best Chef Silas Li is transforming Chinese cooking – South China Morning Post

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Costa Mesa Boys & Girls Club class puts 'kid' in kidney health – Los Angeles Times

              Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

              Mebane Enterprise Events – I Cannoli Have Eyes for Cooking – Mebane Enterprise

              Trending Tags

              • Entertainment
                • All
                • Sports
                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Padres Agree to 7-Year Extension with All-Star Infielder – Sports Illustrated

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Student artists bring life to King Hall stairway – The Bulletin

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Diamondbacks' uneven Opening Day points to more potential than promise – FOX Sports

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Fancy food hall, high end shopping coming to Park Square in Uptown – KRQE News 13

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Kentucky Senate passes bill legalizing sports betting, sends to Beshear – Courier Journal

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                ‘Murder Mystery 2: Jennifer Aniston refuses to stand next to Adam Sandler – Geo News

                Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                Milwaukee takes on Boston after Holiday's 51-point showing – FOX Sports

                Trending Tags

                • Tech
                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Teens help seniors learn how to use technology – CBS News

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Like a Cable Boss: Connecting Medical Technology – DVIDS

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Local Author To Be Published Using State-Of-The-Art Technology – Yellow Scene

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Will Pentagon Rush To Buy Ammo Advance New “Open Energetics Architecture” Technologies? – Forbes

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Marvell Technology: Upgrade To Buy Post-Haircut (NASDAQ:MRVL) – Seeking Alpha

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco – Yahoo Finance

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Toledo Technology students get early look at engineering careers – Toledo Blade

                  Trending Tags

                  No Result
                  View All Result
                  News13Now
                  No Result
                  View All Result
                  Home News Politics

                  Biden’s Clean Energy Loan Program Will Give Tomorrow’s Teslas A Jolt

                  by Editor
                  March 11, 2021
                  in Politics
                  0
                  Biden’s Clean Energy Loan Program Will Give Tomorrow’s Teslas A Jolt
                  491
                  SHARES
                  1.4k
                  VIEWS
                  Share on FacebookShare on Twitter


                  Electronic Car Maker Telsa Reports Quarterly Earnings

                  PALO ALTO, CA – NOVEMBER 05: A Tesla Model S car is displayed at a Tesla showroom on November 5, … [+] 2013 in Palo Alto, California. Tesla will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)

                  Getty Images

                  When the U.S. Department of Energy made a $465 million loan in 2010 to an upstart called Tesla Motors, controversy swirled. But the Obama administration had wanted to rev up the green energy economy. And the loan was the perfect vehicle by which to accelerate the cause. Tesla made good on its promise to repay the loan — a decade ahead of schedule. It now employs thousands.

                  But the same loan guarantee program had also made some bad bets. The one that drew the most ire from critics was Solyndra, a solar company that failed to repay its $528 million debt. The skeptics said Solyndra typified government largess and favoritism — comments that smacked of hypocrisy, given that those same lawmakers backed tax breaks and support for their pet projects. 

                  The Biden administration is speeding up the pace of the green energy economy. It is thus creating a foundation to achieve a carbon-neutral economy by 2050. A revived loan guarantee program is one of the pieces. And last week, Energy Secretary Jennifer Granholm said that the fund would start with $40 billion — and be managed by Jigar Shah, a clean energy entrepreneur. About half of that money will be targeted to renewable energy and alternatively-fueled vehicles while the other half will go to carbon capture projects and advanced nuclear designs — quelling some of the expected noise. Already, the bipartisan COVID-relief passed in December 2020, which allocates $35 billion to green energy technologies. 

                  “Let’s focus on the research and development that is needed: green hydrogen, carbon capture and sequestration, advanced nuclear, modernizing the grid, and battery storage technologies,” says Arshad Mansoor, chief executive of Electric Power Research Institute, in an interview with this writer. “The technologies to get to net-zero by 2050 are neither scaled nor affordable. We need to super-size funding and innovation. Jigar Shah is the best person to manage this process.” 

                  To be clear, a loan guarantee is not an outright subsidy. Rather, it is a form of insurance that is needed to get projects going and to entice Wall Street to also invest. Altogether, the Energy Department had awarded about $30 billion to 42 alternative energy projects. Granholm says that the previous program returned the principal plus $500 million in interest payments to taxpayers.

                  The Jolt Needed

                  Biden Climate Now What

                  FILE – In this Jan. 13, 2021, file photo a wind turbine is silhouetted against the rising sun … [+] Wednesday, Jan. 13, 2021, near Spearville, Kan. Recent detailed scientific studies show that because of dropping wind, solar and battery prices, President Joe Biden’s net-zero carbon goal can be accomplished far cheaper than feared in the past and with health benefits “many, many times” outweighing the costs, said Princeton University ecologist Stephen Pacala, who was part of one study at Princeton. (AP Photo/Charlie Riedel, File)

                  ASSOCIATED PRESS

                  The Biden administration has a goal of getting to 100% green energy by 2035 and to net-zero by 2050. It says that a $23 trillion economy will be created as a result — one that “Builds Back Better.” If those objectives are to be realized, then energy storage must be developed. The cost of producing green hydrogen from wind and solar power must also come down. And continuing the use of nuclear energy is instrumental; it makes up about 55% of this country’s carbon-free power. 

                  Getting to net-zero means does not mean the abolition of fossil fuels; rather, it means offsetting their emissions. One such mechanism is carbon capture and sequestration. “It is wishful to think we will have no use for natural gas. That is where carbon capture and sequestration comes in,” says EPRI’s Mansoor.

                  Indeed, a key pathway to decarbonization is the electrification of the economy: today, 20% of all energy used in homes and industry is electric, says Mansoor. But he would expect that number to at least double — to potentially as high as 60% — in 2050: not only will the power sector be using more renewables and battery storage but other sectors will be deploying their own green energy tools, including buildings, cars, homes, ships, and planes. 

                  If achieving carbon neutrality — and the goal of electrification— is to be realized, then the grid must become more robust. It will need to handle as much as four times the amount of renewable energy that is now transmitted. At the same time, Mansoor adds, electric vehicles will rise from 2% of the auto market today to around 45% in less than the next two decades. 

                  “We must have smart grids,” he says. “Peak energy usage is double the average load. We need to bring those peaks down because it will unleash new capacity from the grid. We can get it done smartly and reduce customers’ energy bills. It does not mean we won’t have to build out the grid — we will, mainly on the transmission side. It will also require quadrupling the charging infrastructure. Utilities will have the excess revenue, which can be invested to make the grid ready.”

                  Mansoor goes on to say that getting to 80% of the country’s net-zero goals is within reach. But he emphasizes that the remaining 20% will be the most daunting challenge, given that the tools to do so have yet to be invented or commercialized. And they are not yet affordable. Consider: the United States has reduced its CO2 emissions from 6 gigatons to 5 gigatons over the last 15 years. It needs to drop to 3 gigatons in the next 15 years. But the “last leg” to 2050 will be the hardest. 

                  EPRI is collaborating with the Gas Technology Institute to achieve carbon neutrality by 2050. Their so-called Low-Carbon Resources Initiative expects to leverage $100 million and to work with 100 companies: Alliant, Ameren, American Electric Power, CenterPoint Energy, ConEdison, Dominion Energy, Duke Energy, National Grid, and Southern Company are among those involved. 

                  The power and transportation sectors contribute more than half the U.S.’ carbon emissions. But it is an economy-wide dilemma that requires all-hands-on-deck. The Biden administration is leading the charge and will bring back the loan guarantee program. It’s a potential jolt for promising technologies — just as it was for Tesla. No doubt, the controversy will follow. But given the widespread support for carbon mitigation, those shrieking voices will get dulled and reasonable minds will prevail.



                  Source link

                  Tags: BidensCleanenergygiveJoltLoanProgramTeslasTomorrows
                  Share196Tweet123Share49
                  Editor

                  Editor

                  Wolverine Sports Club Head Coach gives crash course on speed skating

                  Wolverine Sports Club Head Coach gives crash course on speed skating

                  February 7, 2022
                  The science of training an athlete’s mind and body is the key: Tapan Panigrahi

                  The science of training an athlete’s mind and body is the key: Tapan Panigrahi

                  November 25, 2021
                  ‘Climate Survey’ to help organizations guide recovery for La Crosse area businesses

                  ‘Climate Survey’ to help organizations guide recovery for La Crosse area businesses

                  May 15, 2021
                  Focusing on economic diversity, education and Nevada’s water

                  Focusing on economic diversity, education and Nevada’s water

                  May 5, 2022
                  ‘The Bachelor’ host stepping away after racial controversy | Arts & Entertainment

                  ‘The Bachelor’ host stepping away after racial controversy | Arts & Entertainment

                  February 13, 2021
                  An Effort to Create A Stronger and Sustainable Food Security Using Technology

                  An Effort to Create A Stronger and Sustainable Food Security Using Technology

                  October 7, 2022
                  UFC 264 predictions — Conor McGregor vs. Dustin Poirier 3: Fight card, odds, prelims, expert picks

                  UFC 264 predictions — Conor McGregor vs. Dustin Poirier 3: Fight card, odds, prelims, expert picks

                  July 10, 2021

                  Texas country, red dirt acts join 2023 San Antonio Rodeo lineup

                  November 17, 2022

                  Sports Tech Huge Amazon Prime Day Roundup & Tracker!

                  June 21, 2021

                  231 Entertainment Hosting Daddy-Daughter Dance at Gilbert Lodge in Traverse City

                  May 13, 2022

                  The age before technology. The history of restaurants and meal ordering

                  January 24, 2021

                  Baseball Fall World Series Begins Tuesday

                  October 18, 2021

                  UEFA to move Champions League final from Russia due to Ukraine crisis as president Aleksander Ceferin calls ‘extraordinary meeting’ of Executive Committee | Football News

                  February 24, 2022

                  4 Spiritual Truths Proven by Science to Build Resilience | The Better Samaritan with Jamie Aten and Kent Annan

                  July 29, 2021

                  M Health Fairview to address health disparities through new hub

                  August 3, 2022

                  UNFPA’s life skills education inspires adolescent girls to say no to child marriage – Bangladesh

                  December 20, 2021
                  News13Now

                  News 13 Now!

                  Categories

                  • Business
                  • Entertainment
                  • Food
                  • Health
                  • News
                  • Politics
                  • Science
                  • Sports
                  • Tech
                  • World

                  Recent News

                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Tornadoes and storms hit Arkansas, Illinois, Indiana and other states – The Washington Post

                  April 1, 2023
                  Biden State of the Union address likely boosted Democrats' 2024 confidence – NPR

                  Teens help seniors learn how to use technology – CBS News

                  April 1, 2023

                  Copyright © 2022 The Blakeslee Group, Inc.

                  No Result
                  View All Result
                  • Home
                  • Entertainment
                    • Gaming
                    • Movie
                    • Music
                    • Sports
                  • Lifestyle
                    • Fashion
                    • Food
                    • Travel
                    • Health
                  • News
                    • Business
                    • Politics
                    • Science
                    • World
                  • Tech
                    • Apps
                    • Gadget
                    • Mobile

                  Copyright © 2022 The Blakeslee Group, Inc.