Written by the CESI Group CEO, Matteo Codazzi, in partnership with Aspenia, “A new direction for the US energy sector” is an in-depth article that analyzes challenges and opportunities that the energy transition could bring to the United States and how the new Biden Administration is changing the country’s energy strategies after the Trump presidency.
In the article, Codazzi highlights how the American Jobs Plan, a $2.3 trillion package for employment and infrastructure to enable the country’s economic recovery after the COVID-19 crisis, can lead the US to reaching net-zero emissions by 2050 and achieving a carbon-free electricity sector by 2035. Specifically, the electricity transmission system will be the main target of several initiatives, including the deployment of at least 20 GW of high-voltage power lines, and the creation of a new Grid Deployment Authority at the Department of Energy.
Moreover, according to Codazzi, clean energy generation and storage will benefit from expanded tax credits, as Biden’s plan also calls for a $27 billion Clean Energy and Sustainability Accelerator to mobilize private investments in distributed energy resources, energy efficiency for residential, commercial and municipal buildings and clean transportation. Notably, the new Administration also aims to make power grids more resilient to extreme weather phenomena.
You can read the entire article at this link.