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Energy Department

All articles tagged with #energy department

Energy Department Cancels Loan for Grain Belt Express Power Line
energy7 months ago

Energy Department Cancels Loan for Grain Belt Express Power Line

The U.S. Energy Department canceled a $4.9 billion loan guarantee for the controversial Grain Belt Express transmission project, citing unlikely conditions for support and concerns over taxpayer resources, which may jeopardize the $11 billion infrastructure aimed at transmitting wind energy across the Midwest amid opposition from landowners and Republican lawmakers.

Rivian Secures $6.6B Federal Loan for Georgia EV Plant Completion
business1 year ago

Rivian Secures $6.6B Federal Loan for Georgia EV Plant Completion

Rivian, an electric vehicle manufacturer, has secured a $6.6 billion loan from the U.S. Energy Department to complete its stalled factory project in Georgia. The plant, located near Social Circle, was intended for producing midsize and crossover SUVs but faced delays due to financial issues. Rivian, which began selling vehicles in 2021, currently produces pickup trucks and three-row SUVs.

Trump Nominates Energy CEO Chris Wright as Energy Secretary
politics1 year ago

Trump Nominates Energy CEO Chris Wright as Energy Secretary

Donald Trump has nominated Chris Wright, CEO of Liberty Energy and a fracking pioneer, to lead the US Energy Department. Wright, a climate change skeptic, is expected to advance Trump's agenda of increasing fossil fuel production, encapsulated by the slogan "drill, baby, drill." His appointment is seen as a victory for the fossil fuel industry, with plans to enhance US energy dominance and reduce regulatory barriers. Wright's leadership is anticipated to focus on boosting oil and gas output rather than investing in renewable energy sources.

"$6 Billion Plan: Taming Industrial Carbon Emissions"
climate1 year ago

"$6 Billion Plan: Taming Industrial Carbon Emissions"

The Biden administration plans to allocate up to $6 billion towards 33 projects in 20 states aimed at reducing carbon emissions from heavy industries such as steel, cement, chemicals, and aluminum. These projects include initiatives to test methods for curbing emissions and implementing cleaner technologies, such as using hydrogen fuels in aluminum production and electric boilers in food manufacturing. The goal is to demonstrate novel technologies that can rapidly scale up and set a new standard for clean manufacturing in the United States and globally.

"US Energy Department Grants $2.3 Billion Loan to Boost Nevada Lithium Production"
energypolitics1 year ago

"US Energy Department Grants $2.3 Billion Loan to Boost Nevada Lithium Production"

The Energy Department is offering a $2.3 billion loan to Lithium Americas to boost domestic lithium production for electric vehicle batteries. The loan would fund the construction of a lithium carbonate processing plant at Thacker Pass in Nevada, which contains the largest known lithium deposit in North America. This move aims to strengthen the domestic supply chain for critical minerals and support the Biden administration's goal of reaching net zero emissions by 2050 through the broader adoption of electric vehicles.