The new economic stimulus proposal that has been approved by Congress includes roughly $35.2 billion for energy initiatives, according to summary documents seen by TechCrunch.
“This is probably the biggest energy bill we’ve seen in a decade,” said policy analyst Dr. Leah Stokes, an Assistant Professor at the Bren School of Environmental Science & Management at the University of California, Santa Barbara.
The spending is split between the Energy Act of 2020 and the Energy for the Environment Act, and both include new money for big technology initiatives.
“[The Energy Act of 2020] is a bipartisan, bicameral energy innovation package that authorizes over $35 billion in RD&D activities across DOE’s portfolio and strengthens or creates programs crucial to advancing new technologies into the market,” a summary document for the legislation reads.
Included in the spending package is more than $4.1 billion for new technology initiatives.
The biggest winners are photovoltaics, new transportation technologies and energy-efficiency technologies.