Loan Programs Office
Eos Energy Enterprises prides itself on procuring most of its raw materials within a day’s drive of its plants in Turtle Creek, Pa.
DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.
The clean energy industry has incentives in the Inflation Reduction Act but lacks ambition, the head of the Department of Energy’s Loan Programs Office said.
Six utilities have indicated they will apply for federal loans and grants totaling roughly $900 million made available from the IIJA and IRA.
The rising profile of nuclear power as one of the critical technologies that will power the U.S. to a carbon-free grid was a major theme at NARUC's conference.
The DOE is providing the loan to help finance construction of new lithium-ion battery manufacturing plants in Michigan, Ohio and Tennessee.
Direct pay incentives and project developers with a clear vision and just one job to do could fix the CCS industry's cash flow problem, stakeholders heard.
Panelists talked hydrogen at an Electric Power Research Institute forum session on bridging the gaps in a net-zero energy system.
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