Biden Admin Allocates Funds for Wind Energy Development
October 20, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--The Biden administration earlier this week announced that it will use $30 million from the Bipartisan Infrastructure Law to fund research and development for wind energy projects, both onshore and offshore.
The Department of Energy (DOE) will allocate $28 million for:
- Advancing technologies needed to transmit electricity from offshore wind sources over long distances
- Helping coastal communities benefit from offshore wind developments
- Improving permitting processes to make distributed wind more accessible to communities
- Improving technologies to help bats avoid wind turbines
Companies featured: Dominion Energy Incorporated (NYSE:D), Equinor (NYSE:EQNR), BP (NYSE:BP)