Loan Programs Office (LPO)
BlueOval SK
DOE’s Loan Programs Office announced billions of dollars in loans for two joint ventures of car and electronics manufacturers aimed at building out a domestic battery supply chain and accelerate the rollout of new electric vehicles.
PG&E
The U.S. Department of Energy’s Loan Programs Office announced a $15 billion conditional loan commitment to Pacific Gas & Electric to improve the California-based utility’s energy infrastructure and support clean energy initiatives.
EVgo
EVgo CEO Badar Khan said expanding the availability of fast chargers is “a key ingredient to the long-term competitiveness and sustainability of the U.S. automotive industry."
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The LPO still has close to $400 billion in unspent loan authority, and Shah said it is providing essential financing to “the most exciting entrepreneurs and innovators that America has to offer."
DOE
Clean industry executives and experts at DOE's Deploy 2024 conference were surprisingly optimistic about continuing market growth linked to the boom in energy demand from data centers, AI and electrification.
Invenergy
The Department of Energy’s Loan Programs Office announced three conditional loans totaling more than $11 billion, to be used to build interregional transmission, an electric vehicle factory and virtual power plants.
DOE
The Biden administration wants to jumpstart a “nuclear deployment ecosystem” by getting 35 GW of new nuclear power online or under construction by 2035 and then build to a steady pace of deploying 15 GW per year in the U.S. and globally by 2040.
Shutterstock
In the wake of President-elect Donald Trump’s victory Nov. 5, the clean energy industry is now obsessing over how far the next administration will push his own agenda in favor of fossil fuels,
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Keith Martin, a specialist in tax and renewable energy policy, said a Republican-led Congress would likely look to "cannibalize" parts of the Inflation Reduction Act.
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To gain a deeper understanding of how the IRA is being implemented, NetZero Insider invited several industry leaders to talk about their views on the law.
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