All articles tagged with #us department of energy
NVIDIA and Oracle are collaborating to build the US Department of Energy's largest AI supercomputer at Argonne National Laboratory, featuring 100,000 NVIDIA Blackwell GPUs, to accelerate scientific research and innovation across various fields.
AMD has partnered with the U.S. Department of Energy in a $1 billion project to develop two supercomputers, Lux and Discovery, aimed at advancing scientific research in areas like nuclear energy, cancer treatment, and national security. The project enhances AMD's role in high-performance computing and AI infrastructure, with the first system, Lux, launching within six months, and the second, Discovery, expected in 2029. AMD stock has gained over 1% following the announcement.
The U.S. Department of Energy canceled a $170.8 million grant to Kraft Heinz intended for clean energy projects at its U.S. plants, including one in Holland, as part of a broader move to save over $3.7 billion in taxpayer funds, citing the need for due diligence and better use of resources.
The US Department of Energy's upcoming supercomputer 'Doudna', scheduled for 2026 and named after scientist Jennifer Doudna, will utilize Nvidia's Vera Rubin chips and Dell's liquid-cooled servers, serving 11,000 researchers at Lawrence Berkeley National Laboratory.
The Biden administration has approved a $6.6 billion loan for Rivian Automotive, an electric vehicle company backed by Jeff Bezos, to expand its operations in the U.S. The loan, from the Advanced Technology Vehicles Manufacturing Loan Program, will help Rivian build a factory in Georgia. This move is part of a broader federal effort to boost electric vehicle manufacturing, despite uncertainties about future policies under a potential Trump administration. Rivian, which has faced production challenges, is also collaborating with Volkswagen to develop new electric models.
Rivian has secured a $6.6 billion loan from the US Department of Energy to build an electric vehicle factory in Georgia, as Democrats rush to advance their climate agenda before Donald Trump takes office. The factory, crucial for Rivian's expansion, will employ 7,500 workers by 2030. The loan is part of the Advanced Technology Vehicles Manufacturing Loan Program, revived by President Biden, which previously helped Tesla. Rivian's financial struggles include significant losses and layoffs, but the company aims to bolster its long-term prospects amid potential policy changes under Trump.
The US Department of Energy has released a roadmap aimed at accelerating the connection of clean energy to the grid, addressing a significant backlog of solar, wind, and battery projects waiting to be built. The Transmission Interconnection Roadmap outlines aggressive targets for improvement by 2030 and aims to ensure the Biden administration's goal of 100% clean electricity by 2035 is achieved. The roadmap includes four goals focused on data access, transparency, security, process improvement, economic efficiency, and grid reliability, with the intention of making the interconnection process more efficient and reliable.
The U.S. Department of Energy has approved a $1.52 billion loan to Holtec International to reopen the Palisades nuclear power plant in Michigan, which shut down in May 2022, marking a major federal boost for the state's nuclear power industry.
The US Department of Energy has approved a $2.26 billion loan for Lithium Nevada to finance a lithium carbonate processing plant at the Thacker Pass mine in Nevada, which will become North America's largest source of lithium for EV batteries. The plant aims to produce 40,000 tonnes of lithium carbonate annually, with construction expected to start in 2023 and completion slated for 2028. The project is anticipated to create jobs and reduce reliance on foreign sources for battery supply chains. General Motors is set to be a primary buyer, and the loan will be offered through the Advanced Technology Vehicles Manufacturing Loan Program.
The U.S. Department of Energy has granted Lithium Americas a conditional commitment loan of $2.26 billion to finance the construction of processing facilities at its Thacker Pass project in Nevada, with plans to start major construction in the second half of this year. The project aims to become North America's largest source of lithium for electric vehicle batteries and is expected to reach full-capacity production in 2028, targeting a production capacity of 80,000 tonnes per annum of battery-quality lithium carbonate. As a result, Lithium Americas' U.S.-listed shares rose 7.3% to $6.15 in premarket trading.
The U.S. Department of Energy is allocating $750 million to support 52 projects in 24 states aimed at advancing the production and use of clean hydrogen, a key element in reducing reliance on fossil fuels and cutting emissions from hard-to-decarbonize industries. The funding, derived from the 2021 bipartisan infrastructure law, will aid in various aspects of the hydrogen industry, including research and development on electrolyzer production, supply chain security, and material recycling. This initiative aligns with the U.S.'s goal of producing 10 million tonnes of clean hydrogen by 2030 and lays the groundwork for the administration's $7 billion hydrogen hub program.
General Motors is developing a fleet of medium-duty trucks powered by hydrogen fuel cells as part of a pilot project sponsored by the US Department of Energy, aiming to demonstrate the viability of hydrogen as an alternative to diesel vehicles. The project, funded in part by DOE's SuperTruck program, will cost $65 million, with GM and its partners providing the majority of the funds. The trucks will share an exterior design with Chevy Silverado 5500 trucks and will be used by Southern Company for shop vehicles. GM is also working on hydrogen-related projects for various applications and is committed to cleaner methods of hydrogen production. However, the main challenge for hydrogen adoption is the lack of refueling infrastructure in the US.
The US plans to sell off its entire Northeast Gasoline Supply Reserve, located in New York Harbor, Boston, and South Portland, as part of a bill to raise funds for federal departments. The reserve, established after Superstorm Sandy, has never been used and costs $16 million annually to maintain. Critics argue that shutting it down could leave the region vulnerable to supply disruptions, while supporters claim it is too small to be effective. The bill also includes provisions to prevent the sale of reserve oil to entities linked to the Chinese Communist Party and would keep non-defense spending relatively flat compared to last year.
The U.S. Department of Energy has agreed to cease gathering information on the energy usage rates of crypto mining firms and will destroy any data already collected following a lawsuit by crypto mining firm Riot and the Texas Blockchain Council. The Energy Information Administration (EIA) will halt the collection of energy data and keep any received information confidential until it is destroyed, as part of a compromise where no wrongdoing is admitted. The EIA had allegedly threatened mining companies with criminal fines and civil penalties if they did not comply with an energy consumption survey, which was proposed to examine the energy ramifications of mining virtual currencies.
Scientists at the U.S. Department of Energy's Princeton Plasma Physics Laboratory are developing computer simulation codes to improve the production of microchips using plasma, aiming to reduce manufacturing costs and potentially revitalize the chip industry in the United States. By enhancing simulation techniques and addressing computational errors, the researchers hope to increase efficiency, lower costs, and stimulate innovation in microchip manufacturing.