Tuesday, 02 January 2024 12:17 GMT

US DOE Calls For Acceleration Of Renewable Energy


(MENAFN- Investor Brand Network) The United States Department of Energy has issued an urgent call for private sector assistance in addressing America's growing electricity shortage, admitting that current infrastructure development simply cannot meet surging demand from manufacturing and artificial intelligence. The Energy Department's new Speed to Power initiative represents a dramatic acknowledgment that previous fossil fuel expansion strategies have proven inadequate for America's rising energy needs when renewables are sidelined.

As the Trump administration wakes up to the reality that renewable energy is the way to go, entities like PowerBank Corporation (NASDAQ: SUUN) (Cboe CA: SUNN) (FRA: 103) could see the regulatory...

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