"President Trump promised to fully unleash American energy dominance to protect our economic and national security. The memos allow the Energy Department to strengthen our grid infrastructure and unleash reliable, affordable, secure energy."
"Without action, U.S. industry can't reasonably be expected to act quickly enough due to constrained financing, long lead times, permitting and infrastructure bottlenecks, and supply chain limitations."
"Projects to manufacture natural gas turbines for power generation and electrical transformers are eligible for support, as these materials are currently in short supply with long wait times."
Trump signed presidential memos to allow the Energy Department to access funding from last year's GOP budget law. These memos focus on petroleum production, coal-fired power, and natural gas pipelines. They invoke a 1950 law granting presidents powers to enhance vital U.S. industrial production. The memos aim to strengthen grid infrastructure and ensure reliable energy. They highlight challenges in U.S. industry, including financing and supply chain issues, and suggest federal support for production capabilities and materials in short supply.
Read at Axios
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