When Congress passed the IIJA in 2021, it authorized $1.2 trillion in spending over five years for the country’s critical infrastructure - transportation, energy- broadband, water, technology, healthcare, education and more. Currently, it is estimated that between $345 billion and $400 billion has been disbursed to date.

China, which has been promoting the yuan’s use in transactions with major energy and commodity exporters, is Saudi Arabia’s biggest trade partner.

There is no rocket science to the three basic choices for grappling with a national debt that has doubled in just the last decade and stands at $33.7 trillion, around 124% of GDP: raise taxes, cut spending or do a combination of the two.

The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.

The agreement was signed by US Secretary of State Antony Blinken and Philippine Department of Energy Secretary Raphael Lotilla on the sidelines of the 30th Asia-Pacific Economic Cooperation Leaders' Summit in San Francisco. The signing was witnessed by Philippine President Ferdinand Marcos.

The new partnership builds on a long history of collaborative efforts in fusion energy research and development, supported predominantly in the US through the DOE Office of Science’s Fusion Energy Sciences programme and in the UK through the UK Atomic Energy Authority (UKAEA).

"Together with Norwegian gas, American LNG has proven to be a reliable and steady source of supply for Europe and will contribute to Europe's energy supply security," Aasland said.

Over the next five years North America’s liquefied natural gas (LNG) export capacity to expand by 12.9 billion cubic feet per day (Bcf/d) as Mexico and Canada place into service their first LNG export terminals and the United States adds to its 11.4 Bcf/d of existing LNG capacity.

In the United States last year, according to the Energy Information Administration, natural gas accounted for 39.9 percent of electricity production; coal, 19.7 percent; nuclear, 18.2 percent; and renewables, the rest, although these are coming on fast.

Partnering entities, including more than 900 businesses, state and local governments, utilities, housing authorities, and other public and private organizations, to date have collectively saved $18.5 billion through efficiency improvements and cut harmful carbon dioxide emissions by nearly 190 million metric tons— an amount roughly equivalent to combined annual emissions of 24 million homes.

This month, the California Public Utilities Commission announced $200 million for utilities to invest in multi-customer microgrids.

The U.S. Department of Energy (DOE) announced $7 billion to launch seven Regional Clean Hydrogen Hubs (H2Hubs) across the nation and accelerate the commercial-scale deployment of low-cost, clean hydrogen—a valuable energy product that can be produced with zero or near-zero carbon emissions and is crucial to meeting the President’s climate and energy security goals.

Today announced $3.46 billion for 58 projects across 44 states to strengthen electric grid resilience and reliability across America.

DOE expects these standards to cumulatively save consumers $24.8 billion on their energy bills over 30 years and cut harmful carbon and methane emissions that fuel the climate crisis.

The Electric Reliability Council of Texas estimates that there is an almost 20% probability that the state grid will enter into an energy emergency alert, or EEA, if there is a repeat of last year’s December storm. Procuring 3,000 megawatts will cut that probability to less than 10%.