ITIF Applauds $6B DOE Plan for Industrial Decarbonization Projects
WASHINGTON—Following an announcement from the U.S. Department of Energy that it is committing $6 billion under the Bipartisan Infrastructure Law and Inflation Reduction Act to accelerate industrial decarbonization demonstration projects, the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, released the following statement from Ed Rightor, director of ITIF’s Center for Clean Energy Innovation:
We applaud DOE for launching this Industrial Demonstrations Program. It will serve as a catalyst for demonstrating transformative low-carbon technologies at scale, which is critical for producing step-change reductions in carbon emissions and other pollutants. The benefits will compound as successful demonstrations trigger a cascade of technology adoption across industy sectors.
For more on this issue, see:
- Ed Rightor, “Why DOE Should Prioritize Transformational Investments in Industrial Technology to Catalyze GHG Reductions” (ITIF, December 2022).
- Hoyu Chong and David M. Hart, “Further Energizing Innovation in Fiscal Year 2023” (ITIF, May 2022).
- Ed Rightor, “Low-Carbon Process Technologies: Key Pieces of the Net-Zero Future” (ITIF, November 2022).
The Information Technology and Innovation Foundation (ITIF) is an independent, nonprofit, nonpartisan research and educational institute focusing on the intersection of technological innovation and public policy. Recognized by its peers in the think tank community as the global center of excellence for science and technology policy, ITIF’s mission is to formulate and promote policy solutions that accelerate innovation and boost productivity to spur growth, opportunity, and progress.