On Thursday, the U.S. Department of Energy announced it would be providing $61.4 million in funding for research, development, and deployment of technologies that produce low-cost, low carbon biofuels.
The funding is aimed at finding renewable resources to power heavy-duty vehicles like airplanes and ships that are difficult to electrify and to accelerate the country’s path to a net-zero emissions economy by 2050, the DOE said.
