Infrastructure Investment
Maine's First EV Charging Station Funded by Infrastructure Law Opens
The Facts - The first electric vehicle (EV) charging station in Maine, funded by the Infrastructure Investment and Jobs Act introduced by President Biden, has been opened in Rockland. The EV industry is experiencing exponential growth worldwide due to increased focus on reducing greenhouse emissions, improved technology, and government regulations encouraging EV adoption. Challenges in […]
Rhode Island Energy Secures $326M for Infrastructure Upgrades
The Facts - PPL Corporation's subsidiary, Rhode Island Energy, has been given approval by the Rhode Island Public Utilities Commission to invest $326 million during the fiscal year 2024-2025 to enhance the state's electric and gas infrastructure. The approved expenditure includes around $300 million in capital investments, which will be used to improve the safety […]
Amazon invests $150bn in AI growth with data centers
TL/DR - Amazon plans to invest approximately $150 billion over the next 15 years in data centers to manage the anticipated rise in demand for AI applications and digital services. This move is part of Amazon's strategy to maintain its leading position in the cloud services sector, despite experiencing its slowest sales growth on record […]
2023 Measure A Report: 15 Years of Local Infrastructure Funding
TL/DR - The 2023 Measure A Annual Report marks the 15th anniversary of the voter-approved 0.5 cent transportation sales tax in Santa Barbara County, California, which funds construction projects across the county. The Measure A was approved by 79% majority vote in November 2008, making the county one of 25 in California with this type […]
Nancy Mace blames Biden for Maryland bridge collapse
TL/DR - South Carolina's Representative Nancy Mace blamed President Joe Biden for the collapse of the Francis Scott Key bridge after a ship hit a major pier in Maryland, claiming infrastructure funds were not going to roads and bridges. Mace voted against the Infrastructure Investment and Jobs Act in 2021, but praised a South Carolina […]
Nuclear Revival Boosts Infrastructure Investment
TL/DR - Investment in nuclear energy is on the rise, driven by government support, policy changes, and societal pressure for clean energy sources. However, expansion is constrained by inadequate nuclear infrastructure, with estimates suggesting $21 trillion in power grid infrastructure investment is needed globally to reach net zero. Private investment is expected to increase, with […]
Warning Tale for Boosting Infrastructure Investment
TL/DR - The Demopolis Lock, part of the US inland waterways system and responsible for the transport of crucial cargoes, had a catastrophic failure, leading to increased costs and delays. The Inland Waterways Trust Fund, supported by a fuel tax, provides for capital improvements to the waterways system, but the Infrastructure Investment and Jobs Act […]
Biden-Harris Invest $180M in School Energy Infrastructure
TL/DR - The U.S. Department of Energy (DOE) has launched applications for the 2024 Renew America's Schools Prize, a part of President Biden's Investing in America agenda. The initiative will award $180 million to U.S. school districts that implement energy upgrades at K-12 schools, improving air quality and learning environments, especially in underserved communities. The […]
CalPERS Invests $2bn in Infrastructure
TL/DR - California Public Employees Retirement System (CalPERS) has committed $2bn to three new infrastructure projects. The pension fund has allocated $1.7bn to Global Infrastructure Partners V, a fund managed by Global Infrastructure Partners (GIP), with the investment to be divided equally between the fund and a sidecar vehicle associated with it. CalPERS has also […]
Schneider Electric Expands U.S. Manufacturing with $140M Investment
TL/DR - Schneider Electric has announced plans to invest an additional $140 million into its U.S. manufacturing efforts, bringing its total investment since 2020 to more than $440 million. The new funding is expected to create around 750 jobs in manufacturing and related roles to support demand from critical infrastructure, industries, and data centers, with […]
