U.S. Department of Energy (DOE)
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.
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.
A pilot effort in 24 communities nationwide yielded important insight for environmental justice initiatives, the U.S. Department of Energy said.
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.
DOE has announced $2.2 billion in funding commitments to two hydrogen hubs: the HyVelocity hub on the Gulf Coast and the Midwest Alliance for Clean Hydrogen hub in four Midwestern states.
The best way to Trump-proof the IRA funds is to get them out the door as quickly as possible, some advocates are saying. Unspent money could be at risk of never being spent.
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