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US Department of Energy commits $7.54 billion loan for EV production in Kokomo
Though not yet finalized, the $7.54 billion loan from the department's Loan Programs Office to StarPlus Energy is the third largest by the office.
U.S. Energy Department unveils $7.54B loan for Samsung, Stellantis EV battery plant
DOE says a multi-billion dollar loan will jumpstart a joint project in Indiana between Stellantis and Samsung to aid battery production for the rapidly-expanding electric vehicle industry.
Powering the Future: $7.54B Boost for U.S. EV Battery Plants
Big news for clean energy and American jobs! The Department of Energy has announced a $7.54 billion conditional loan commitment to StarPlus Energy for two lithium-ion battery factories in Kokomo, Indiana.
Federal loan would finance EV battery plants in Kokomo
A federal loan is expected to help finance two new manufacturing plants in Kokomo, both of which will help expand the United States’ electric vehicles industry. According to a recent news release, the U.
4h
on MSN
The Department of Energy Misspent Nearly $1 Billion in 2024
While $1 billion is a drop in the wasteful spending bucket, fiscal irresponsibility of all sizes must be eradicated.
10h
How to turn ocean waves into renewable energy
The power of the ocean could soon be used to power homes in the U.S. as scientists prepare to test an untapped form of ...
1d
on MSN
A New Reckoning for Nuclear Energy
T his spring kicked off the best stretch for America’s nuclear industry in decades. It started in April, when, for the first ...
2h
North Carolina Town Sues Duke Energy Over Climate Change
Carrboro accused Duke, one the nation’s largest utility companies, of ignoring data about climate change while increasing use ...
1d
Biden pushes out over $100 billion in clean energy grants as term winds down
U.S. President Joe Biden's administration has awarded over $100 billion in grants created by its signature climate law, the ...
4d
on MSN
Trump’s energy agenda in the next administration: A closer look
The Washington Examiner has taken a closer look at what exactly Trump’s energy agenda might look like in practice.
Crude Oil Prices
13d
Expect a US LNG Boom in the Second Half of 2025
The U.S. natural gas industry faces a turbulent future as the Trump presidency, global competition, and environmental ...
7d
How Trump's proposed tariffs might affect commodities and energy
President-elect Donald Trump on Monday pledged tariffs on the United States' three largest trading partners - Canada, Mexico ...
1d
on MSN
American taxpayers tied to potential funding of $7.5B loan
American taxpayers may provide a loan of more than $7.5 billion to a joint venture involving automaker Chrysler that plans to ...
Governing
8d
The Nation’s Easternmost City Could Be a Renewable Energy Model
The power often goes out in Eastport, Maine, due to storms. Now, the small city is developing solar and tidal power to fuel ...
Opinion
9h
Opinion
Opinion: Why Colorado’s Chris Wright will be good for the Department of Energy
When President-Elect Donald Trump nominated Denver’s Chris Wright as Secretary of the U.S. Department of Energy, the ...
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