According to the DOE, more than 500 planned investments in 450 facilities have been announced, totaling more than $160 billion across the private and public sectors.
While the U.S. has recently announced billions of dollars of investments, the total representation of renewable energy will jump from 13% of all energy generated in the U.S. in 2022.
The company says it will manufacture materials at a Wisconsin facility.
“California is all in on clean, renewable hydrogen -- an essential aspect of how we’ll power our future and cut pollution,” says Gov. Gavin Newsom.
This landmark initiative could help the country become the first to obtain 100% renewable energy.
Energy and environmental managers are interested in reliability and sustainability, meaning that utilities must maintain a diversified fuel strategy comprised of natural gas, renewables, and distributed energy resources.
The final rule imposes deadlines and penalties if providers fail to meet new requirements, sparking support from the solar energy industry.
The investment will go toward the generation of 12 GW of renewable electricity capacity.
This synergy aligns with Fifth Wall's core commitment to investing in technologies that transform renewable energy infrastructure.
The project supports Nova Scotia’s 80% Renewable Energy Standard in 2030.
The program will start in specific markets with a focus on suppliers, with the intention of expanding globally where energy markets and interest aligns in the future.
The companies plan to strengthen their global supply chains and offer a sustainable solution to meet the increasing demand for renewable feedstocks through the acquisition.