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Us Energy Department

All articles tagged with #us energy department

business2 hours ago

US secures 30% premium on Venezuelan crude after Maduro's capture

The U.S. Energy Secretary says Washington is achieving about a 30% higher realized price for Venezuelan crude than three weeks ago, as the first post‑Maduro sale of roughly $500 million proceeds and more oil sales are expected. President Trump has floated handing over sanctioned Venezuelan oil (30–50 million barrels) with proceeds benefiting both nations, and investors are watching for ongoing investments in Venezuela’s energy sector amid political uncertainty. Global oil markets show modest moves as investors digest the developments.

via CNBC|
#business#maduro#oil-market
energy-and-environment1 year ago

"US Government Allocates Record $6 Billion to Reduce Industrial Emissions"

The U.S. Energy Department has allocated a record $6 billion in federal funding to support 33 industrial projects across 20 states aimed at reducing carbon emissions. The investment, the largest of its kind in U.S. history, will create well-paying union jobs and enhance U.S. competitiveness. The projects, spanning industries such as steel, cement, aluminum, and chemicals, are expected to eliminate 14 million metric tons of pollution annually. This initiative aligns with President Joe Biden's economic policies and job creation efforts, with nearly 80% of the projects located in disadvantaged communities.

via Reuters|
#carbon-emissions#energy-and-environment#federal-funding
automotive1 year ago

"US Set to Implement Revised EV Mileage Rating Rule, Boosting Automakers"

The US Energy Department is set to announce final rules that will soften its proposal to slash electric vehicles' mileage ratings to meet fuel economy requirements, a move that is seen as a win for automakers and the United Auto Workers union. The revised rules will gradually reduce the petroleum equivalent EV fuel economy rating through 2030, giving automakers more time to adjust, and are a response to concerns raised by automakers and the UAW. Additionally, the Environmental Protection Agency is expected to unveil revised vehicle greenhouse gas emissions requirements that will ease proposed yearly requirements through 2030, providing a boost for plug-in hybrid vehicles and scaling back certain proposals that the industry had objected to.

via Yahoo Finance|
#automakers#automotive#electric-vehicles
space-technology2 years ago

"Enhancing Astronaut Health with Nuclear Thermal Propulsion"

Engineers at the U.S. Energy Department's Idaho National Laboratory are developing nuclear thermal propulsion technology to cut travel time to Mars in half, potentially making human missions to the Red Planet more feasible. This effort could lead to a new space race, with the U.S. and China both aiming for crewed missions to Mars.

via Interesting Engineering|
#china-national-space-administration#mars-mission#nuclear-thermal-propulsion
cybersecurity2 years ago

Global Cyberattacks Target US Government and Energy Agencies.

The US Department of Energy has received ransom demands from the Russia-linked extortion group Cl0p at both its nuclear waste facility and scientific education facilities that were recently hit in a global hacking campaign. The energy department contractor Oak Ridge Associated Universities and the Waste Isolation Pilot Plant, the New Mexico-based facility for disposal of defence-related radioactive nuclear waste, were hit in the attack, which exploited a vulnerability in a widely used software. The requests came in emails to each facility, but the two entities did not engage with Cl0p, and there was no indication that the ransom requests were withdrawn.

via Al Jazeera English|
#cl0p#cyberattack#cybersecurity
business2 years ago

Microvast loses $200M US grant over alleged China ties.

Microvast Holdings is exploring its options after the US Energy Department cancelled a $200m grant following concerns over its alleged links to China. The grant was to help Microvast build a plant in Tennessee and support work by General Motors and Microvast on developing specialised EV battery separator technology. Microvast CEO Yang Wu said that neither the Chinese government nor the Chinese Communist Party has any ownership in the company, nor do they control or influence company operations in any way.

via Reuters|
#business#china#general-motors
business2 years ago

"Microvast loses $200M grant from US DOE, stock plummets"

The US Energy Department has informed Microvast Holdings that it will not award the company a $200m grant to help build a plant in Tennessee, after lawmakers raised concerns over its alleged links to China's government. Two Republican lawmakers criticized the decision to grant the funding in a letter last December to Energy Secretary Jennifer Granholm, saying Microvast had ties to the Chinese Communist Party that raised "serious concerns about the department’s ability to protect US taxpayer dollars." The grant had been set to support work by General Motors and Microvast on developing specialized EV battery separator technology and building a new separator plant.

via Reuters|
#business#china-ties#general-motors
politics2 years ago

Biden official unable to provide cost estimate for fighting climate change.

Sen. John Kennedy questioned Deputy Energy Secretary David Turk on how much spending $50 trillion in American taxpayer money to become carbon-neutral would lower global temperatures, to which Turk was unable to provide a specific number. Kennedy criticized Turk for advocating spending trillions of dollars without being able to tell how much it would lower world temperatures. Some climate experts have claimed it will cost $50 trillion for the US to reach carbon neutrality, but critics argue that there is no guarantee spending that amount would have any effect on climate change across the globe if other countries don't take similar action.

via Fox News|
#carbon-neutrality#climate-change#david-turk