Biden Uses War-Time Law to Fund Heat Pumps Citing Climate Crisis
- Companies to get $169 million under Defense Production Act
- Funding is key for energy independence, White House says
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The Biden administration is using the emergency powers of a Cold War-era law to fund more domestic manufacturing of electric heat pumps, which the White House says is needed to help stave off climate change and increase domestic security.
The Energy Department announced Friday it was using the 1950s Defense Production Act for a $169 million award for 9 projects across the country by companies such as Honeywell International Inc. and Copeland LP to accelerate production of heat pumps and components.