Inside the DOE’s $100 Billion Clean Energy Budget

Thanks to the Bipartisan Infrastructure Law and the Inflation Reduction Act, the Department of Energy has been flush with cash for the past couple of years. Between the two measures, the DOE now has nearly $100 billion to put toward clean energy and grid development projects around the country through funding and loans.

There’s an expectation that these contributions will drive private investment—and they have been. This July, the DOE reported nearly $50 billion in funding awards already, with more than $60 billion in private investments matching federal dollars.

This week, host Bill Loveless talks with David Crane about where these funds have been going and what effects they’re having on clean energy applications around the country. They also discuss how the DOE is addressing nationwide energy challenges like transmission line permitting, storage, and other hurdles to decarbonization.

David is the under-secretary for infrastructure at the Department of Energy. He previously served as director of DOE’s Office of Clean Energy Demonstrations. He was also CEO of Climate Real Impact Solutions, as well as NRG Energy.