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Energy Earthshots Initiative: Difference between revisions

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The '''Energy Earthshots Initiative''', established in 2021 under the Energy Act of 2020 and the Infrastructure Investment and Jobs Act of 2021, is administered by the Department of Energy (DOE) through its Office of Energy Efficiency and Renewable Energy to provide competitive grants and funding to researchers, businesses, and institutions, allocating over $5 billion since inception to support approximately 200 projects annually by 2025. Initially funded with $100 million, it has grown to distribute $1 billion in FY 2024 across 200 awards, funding innovations like hydrogen production, carbon capture technologies, and floating offshore wind at national labs, universities, and private companies nationwide.<ref>{{cite web |url=https://www.energy.gov/energyearthshots |title=Energy Earthshots Initiative |publisher=U.S. Department of Energy}}</ref> Despite its impact, challenges like funding competition, technological barriers, and deployment scalability persist (web ID: 4), but it remains a flagship DOE effort to combat climate change.
The '''Energy Earthshots Initiative''', established in 2021 under the Energy Act of 2020 and the Infrastructure Investment and Jobs Act of 2021, is administered by the Department of Energy (DOE) through its Office of Energy Efficiency and Renewable Energy to provide competitive grants and funding to researchers, businesses, and institutions, allocating over $5 billion since inception to support approximately 200 projects annually by 2025. Initially funded with $100 million, it has grown to distribute $1 billion in FY 2024 across 200 awards, funding innovations like hydrogen production, carbon capture technologies, and floating offshore wind at national labs, universities, and private companies nationwide.<ref>{{cite web |url=https://www.energy.gov/energyearthshots |title=Energy Earthshots Initiative |publisher=U.S. Department of Energy}}</ref> Despite its impact, challenges like funding competition, technological barriers, and deployment scalability persist (web ID: 4), but it remains a flagship DOE effort to combat climate change.