Biden passes Bipartisan Infrastructure Act and Inflation Reduction Act to revitalize U.S. manufacturing.

 

Energy Secretary Jennifer Granholm (left) made the announcement in Georgia

 

 

On October 18, U.S. Energy Secretary Jennifer Granholm and White House Infrastructure Coordinator Mitch Landrieu announced the Grid Resilience and Innovation Partnership Program (GRIP) in Georgia. It was also mentioned that the U.S. government will provide $3.46 billion in funding support for the first phase of GRIP.

 

 

The U.S. Department of Energy (DOE) noted that GRIP, which aims to provide affordable, low-carbon energy to as many communities as possible in the U.S. and help states protect their energy systems from extreme weather and natural disasters, is funded through the Bipartisan Infrastructure Act.

 

The investment will be spread across 58 projects in 44 U.S. states and disbursed through the Bipartisan Infrastructure Act. The first $3.46 billion allocation focuses on programs to deploy more than 35GW of stand-alone energy storage and 400 stand-alone microgrids.

 

 

"Climate change-induced extreme weather events will continue to stress America's aging transmission system, but President Biden's investment agenda will soon ensure that the U.S. grid is able to deliver reliable, affordable power." U.S. Energy Secretary Jennifer Granholm also said in yesterday's release that "(GRIP) is the largest direct investment in critical grid infrastructure ever made by the U.S. government."

 

 

It is understood that GRIP includes projects that are not only limited to construction by specific entities, but instead, the government encourages a variety of organizations such as utilities, electric cooperatives, local communities, and the Electric Power Research Institute to participate in its implementation.

 

 

 

Granholm explains why, "This is not only the largest direct investment in critical grid infrastructure ever, but it's also a very important incentive for U.S. manufacturing by creating jobs for society's highly skilled workers."

 

 

 

When President Joe Biden took office in 2021, he enacted the Bipartisan Infrastructure Act, which, alongside the recent Inflation Reduction Act (IRA), has been a key tool in the Biden-Harris Administration's response to inflation.

 

 

 

The Bipartisan Infrastructure Act, for example, was well on its way to creating a virtuous stimulus for upstream investment in the battery industry a year earlier in October 2022, when it announced a commitment of $2.8 billion in grants for domestic manufacturing.

 

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