Financial TimesFinancial Times

The US plan to become the world’s cleantech superpower

By Derek Brower and Amanda Chu

16 Feb 2023 · 9 min read

A revolutionary new industrial policy in the U.S. aims to decarbonize the economy, rejuvenate manufacturing, and beat China in the global clean-energy "arms race." But can it work? The FT dives deep.

Curated by informed

In a huge hangar in Quonset Point, Rhode Island, welders are aiming blazing torches at sheets of aluminium. The hulls of three new ships, each about 27-metres long, are taking shape. The first will hit the water sometime in the spring, ferrying workers to service wind turbines off the New England coast.

The US barely has an offshore wind sector for these vessels to service. But as the Biden administration accelerates a plan to decarbonise its power generation sector, turbines will sprout along its coastline, creating demand for services in shipyards and manufacturing hubs from Brownsville, Texas, to Albany, New York.

The news, curated.

Subscribe in our mobile app to continue reading this Financial Times article

Already subscribed? Sign in

Get world-class journalism from premium publishers, curated by editors and experts. All in one app.

Subscribe now and get 14 days free.