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The United States provides $6 billion in federal funding for clean energy

March 26, 2024

The US Department of Energy announced that it has provided federal funding aimed at supporting 33 industrial projects in 20 states to reduce carbon emissions, amounting to about $6 billion, and stressed that the investment will support good-paying union jobs in addition to enhancing the competitiveness of the United States of America in the field of clean energy.

US Secretary of Energy Jennifer Granholm announced funding during her visit to Cleveland-Cliffs Steel, which is located in Ohio. It is expected to receive $500 million to install two new furnaces powered by clean energy represented by green hydrogen, with the aim of reducing greenhouse gases by about $1 million. Tons.

The initiative is considered one of the largest initiatives undertaken to remove carbon in the history of the United States, as it will raise $20 billion, in addition to private companies sharing the costs. These projects are scheduled to eliminate about 14 million metric tons of pollution annually, which is equivalent to about 3 million vehicles.

The Portland Cement Association, an industry association, said the funding is welcome recognition by the government that US cement manufacturers plan to take significant steps to achieve carbon neutrality.