Solar and fuel cell names are going to continue to be on watchlists this week one day after President Biden prioritized the two sources of energy as part of a manufacturing push in the U.S.
On Monday, Biden invoked the Defense Production Act, targeting the country’s solar production capacity and fuel cell production, among other forms of green energy.
It’s the latest “drop in the ocean” response to a massive, looming energy cost crisis that has resulted from out of control money printing and geopolitical volatility.
But not unlike releasing more petroleum reserves, the Biden administration has a new, inept plan to try and show the American consumer it is doing something…anything…to try and address the issue.
This week Biden invoked the Defense Production Act as a response to rising energy costs in the country, a DOE release Monday noted.
The purpose of the Presidential determinations is to “accelerate domestic production of five key energy technologies: (1) solar; (2) transformers and electric grid components; (3) heat pumps; (4) insulation; and (5) electrolyzers, fuel cells, and platinum group metals,” the reelase says. – READ MORE