The U.S. Department of Energy (DOE) has pledged about $100 million to fund research and development of transformative clean energy technology. The announcement is in line with the newly formed government’s agenda to curb climate change. The funding will be used to identify innovative clean energy technology to combat the climate crisis.
The DOE also announced that it would participate in the National Climate Task Force’s Climate Innovation Working Group. Through this, it aims to coordinate government-wide efforts in developments such as net-zero carbon buildings, battery storage, lower-cost green hydrogen, and direct air capture to help the United States reach net-zero emissions by 2050. The working group will also direct efforts in boosting the country’s domestic clean energy supply chain and manufacturing sectors.
So far, the DOE has provided $2.4 billion in financing for research and development. Its projects have brought in over $4.9 billion in private sector funding to commercialize clean energy technologies and also create new jobs in the sector.
In December 2020, the DOE announced a $130 million funding for selected research projects to advance solar technologies. The DOE’s Solar Energy Technologies Office Fiscal Year 2020 Funding Program included research projects for advancing research in photovoltaics, concentrating solar-thermal power, and system integration. In January 2021, the United States government announced that it would re-join the Paris Climate Accord.