{"id":85755,"date":"2023-11-17T14:27:57","date_gmt":"2023-11-17T19:27:57","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/us-aims-to-speed-heat-pump-manufacturing-using-cold-war-era-law\/"},"modified":"2023-11-17T14:27:58","modified_gmt":"2023-11-17T19:27:58","slug":"us-aims-to-speed-heat-pump-manufacturing-using-cold-war-era-law","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=85755","title":{"rendered":"US aims to speed heat pump manufacturing using Cold War-era law"},"content":{"rendered":"
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WASHINGTON (Reuters) – The U.S. will fund nine projects with $169 million from last year’s climate bill to speed manufacturing of heat pumps, systems that can heat and cool homes and businesses more efficiently, the Energy Department said on Friday.<\/p>\n

The awards are the first from the department’s authorization invoked by President Joe Biden using emergency authority on the basis of climate change to use the Cold War-era Defense Production Act (DPA) to boost spending on clean energy technologies. <\/p>\n

“Getting more American-made electric heat pumps on the market will help families and businesses save money with efficient heating and cooling technology,” Energy Secretary Jennifer Granholm said in a release. <\/p>\n

Heating and cooling homes and buildings, including critical infrastructure like military bases, drive more than 35% of U.S. energy consumption, according to her department. \u202fCompared to boilers fueled by , heat pumps reduce greenhouse gas emissions by up to 50%, it says. <\/p>\n

The funding will go to manufacturers including Armstrong International in Michigan, Honeywell International (NASDAQ:) in Louisiana, and Ice Air, LLC in South Carolina. <\/p>\n

The Energy Department said it expects to unveil another round of DPA investments in early 2024. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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