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The US$900 billion COVID-19 relief/stimulus package passed by Congress and signed by the President on December 27 includes sweeping energy provisions that constitute the most significant energy legislation passed by Congress in more than a decade. Among the energy-related provisions that were added to the massive package assembled by Congress in the last days of the 116th Congress are:
The Energy Act of 2020 and the Energy for the Environment Act together authorize approximately US$35 billion of federal spending on energy innovation and related initiatives. Provisions in the bill include:
New stimulus bill includes $35.2 billion for new energy initiatives
The new economic stimulus proposal that has been approved by Congress includes roughly $35.2 billion for energy initiatives, according to summary documents seen by TechCrunch.
“This is probably the biggest energy bill we’ve seen in a decade,” said policy analyst Dr. Leah Stokes, an Assistant Professor at the Bren School of Environmental Science & Management at the University of California, Santa Barbara.
The spending is split between the Energy Act of 2020 and the Energy for the Environment Act, and both include new money for big technology initiatives.
“[The Energy Act of 2020] is a bipartisan, bicameral energy innovation package that authorizes over $35 billion in RD&D activities across DOE’s portfolio and strengthens or creates programs crucial to advancing new technologies into the market,” a summary document for the legislation reads.