Minutes after he was sworn in as 47th president of the United States, Donald Trump signaled his intention to rapidly increase production of oil and gas.

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.

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."

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."

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.

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.

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.

U.S. Department of Energy officials say they're optimistic the costs of offshore wind energy development will begin to ease by the end of the decade.