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The Little-Known Office With $400 Billion to Fight Climate Change
Nov 23, 2023
A podcast explores the loan program aimed at combating climate change and the challenge of lending out hundreds of billions of dollars quickly. They discuss easy solutions for fighting climate change and tease a segment about a potential hydrogen storage facility. Specific projects for fighting climate change, the importance of storage in managing intermittent energy sources, and the significance of work and financial solutions are also discussed.
24:28
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Quick takeaways
- The director of the Loan Programs Office at the U.S. Department of Energy faces the challenge of effectively lending out billions of dollars to companies that contribute to moving the US economy away from fossil fuels.
- Investing in storage technologies, such as hydrogen-filled salt caverns and distributed storage options like home batteries, is crucial for managing the electricity grid, ensuring reliability, and meeting increasing demand.
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