'Low ambition' US renewable energy 'no longer God's gift to electricity': top DoE official - Recharge
'Low ambition' US renewable energy 'no longer God's gift to electricity': top DoE official | Recharge
With landmark US climate legislation funneling some $369bn to the renewable energy sector, the biggest obstacle to reaching the US’ climate targets is no longer financial, claimed serial entrepreneur and now director of the Department of Energy’s $40bn loan programme Jigar Shah.
Instead, “the level of ambition that we have in this industry around actually taking full control of our future is very low”, Shah told the American Council on Renewable Energy (Acore)’s conference on clean power financing.
The US will need to triple its generation capacity to reach the Biden
Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.