Biden Sees Renewables as Source of Energy Security

June 9, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. energy security will be bolstered by creating a vibrant industrial base that meets the needs of the burgeoning renewable energy sector, President Joe Biden said. Before the onset of the war in Ukraine, much of the talk in energy circles was on hydrogen hubs and carbon-capture and storage (CCS) centers. Crude oil prices, however, were on the rise even before the war as federal stimuli and pandemic cabin fever broke to put pressure on existing supplies. That forced Biden to issue pleas for more oil, while at the same time advocating for a cleaner energy sector. To that end, Biden has invoked the Defense Production Act (DPA) to help steer contracts to support certain industries. The measure covers solar power, electrical grid components, heat pumps and insulation, as well as fuel cells and electrolyzers that can help facilitate hydrogen production.