U.S. Energy Department to Invest $300 Million in Sustainable Transportation Initiatives
The U.S. Energy Department will provide funding to advance sustainable transportation resources and technologies, with a focus on spurring further innovation in advanced batteries, innovative hydrogen concepts, and biofuels.
The funding opportunity will be issued on behalf of the agency’s three transportation offices – Vehicle, Fuel Cells, and Bioenergy Technology Offices. The investment aims to provide new energy and efficiency opportunities to continue growth in the evolving market. The agency will provide:
- $133 million in advanced batteries and electrification; advanced engine and fuel technologies and alternative fuels technology demonstrations.
- $64 million to advance the H2@Scale initiative, which supports innovative hydrogen concepts that will encourage market expansion and increase the scale of hydrogen production, storage, transport, and use.
- $100 million to support the bioeconomy by reducing the price of drop-in biofuels, lowering the cost of biopower, and enabling high-value products from biomass