Oklahoma Gov. Kevin Stitt’s (R) recent threat during a television interview to “unplug” from SPP may sound like political rhetoric designed to curry favor with his constituents, but the Arkansas-based grid operator is taking the statement seriously.

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.

The Department of Energy slashed the list of 10 potential National Interest Electric Transmission Corridors it released in May to just three narrower corridors in the third phase of its designation process.

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.

DOE has committed more than $95 billion in grants and loans, with more going out the door each day.

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.