According to a press release from the White House, President Biden took executive action to spur domestic clean energy manufacturing. This includes authorizing the Defense Production Act to lower energy costs, strengthen our power grid, and create good-paying jobs.
Last year marked the largest deployment of solar, wind, and batteries in United States history, and our nation is now a magnet for investment in clean energy manufacturing.
The US is also now on track to triple domestic solar manufacturing capacity by 2024. The expansions to domestic solar manufacturing capacity will grow the current base capacity of 7.5 gigawatts by an additional 15 gigawatts. This would total 22.5 gigawatts by the end of 2024 – enough to enable more than 3.3 million homes to switch to clean solar energy each year.
He is also taking executive action to:
- Authorize use of the Defense Production Act (DPA) to accelerate domestic production of clean energy technologies, including solar panel parts;
- Put the full power of federal procurement to work spurring additional domestic solar manufacturing capacity by directing the development of master supply agreements, including “super preference” status; and
- Create a 24-month bridge as domestic manufacturing rapidly scales up to ensure the reliable supply of components that U.S. solar deployers need to construct clean energy projects and an electric grid for the 21st century, while reinforcing the integrity of our trade laws and processes.