With projects like the REV Nickel initiative at Eagle Mine, the current administration is taking a crucial step towards establishing a sustainable domestic battery supply chain.
Projects designed to improve the construction of enhanced geothermal systems and to demonstrate how thermal energy storage can reduce energy needs for industry are receiving federal grants totaling $31 million.
The U.S. Department of Energy has announced $10.2 million in funding for projects to develop environmentally responsible domestic sources of critical minerals, essential for advancing clean energy technologies and reducing reliance on foreign supplies.
The Inflation Reduction Act represents a historic investment in the United States' clean energy future. For the drilling industry, it offers numerous opportunities to engage in renewable energy projects, improve infrastructure resilience, and contribute to environmental sustainability.
Bimetallic 'Supermetals' offer a promising solution to the looming copper supply crisis, essential for the success of green energy initiatives and technological advancements.