Department of Energy

President Donald Trump is emphasizing nuclear energy and has rallied the Department of Energy to overhaul the sector through a series of executive orders and initiatives.  The administration's ambitious goal is to quadruple U.S. nuclear generating capacity to 400 GW by 2050 and reinvigorate the...

Amid escalating US-China tensions, senior scientist Yi Shouliang, formerly with the US Department of Energy, has left the U.S. to assume a new academic role at Sichuan University in China, according to a media report on Friday.What Happened: Yi recently departed the US after a short tenure as an...

The U.S. Energy Department (DoE) is reportedly contemplating substantial reductions, potentially halting nearly $10 billion in federal funding for clean-energy projects. This move could jeopardize high-profile collaborations with Exxon Mobil (NYSE:XOM) and Occidental...

Plug Power Inc (NASDAQ:PLUG) has locked in its much-anticipated $1.66 billion Department of Energy loan. JPMorgan analyst Bill Peterson believes that the move “likely eases investor concerns” about a potential cancellation under a second Donald Trump administration. While this milestone...

Rivian Automotive Inc (NASDAQ:RIVN) shares are charging higher in Thursday’s after-hours session after the company finalized a loan agreement with the U.S. Department of Energy (DOE). What Happened: After the market close on Thursday, Rivian announced it closed its loan agreement with the DOE...

President-elect Donald Trump's picks for Secretary of State, Secretary of Transportation, Attorney General, CIA Director and Secretary of Energy are set to begin the confirmation process on Wednesday. Here's a look at who will be appearing before Senate committees on as the nominations process...

Hempitecture, an innovative company specializing in sustainable building materials, has secured $8.4 million in funding from the U.S. Department of Energy (DOE) for a hemp-centered initiative. Hempitecture's project includes a new industrial facility in Rogersville, Tennessee that will produce high...

President-elect Donald Trump ran on a promise to “drill, baby, drill” in his second term in office, reflecting his continued support of the fossil fuel industry. His stance on nuclear energy, however, is murky. What Happened: Following his 2016 election win, Trump called for efforts to...

Clean energy jobs grew at twice the rate of overall jobs in the U.S. in 2023, according to a report from the U.S. Department of Energy (DOE) released on Wednesday. Jobs in that sector grew by 4.2%, or 142,000 positions, last year, compared to a job growth rate of 2.0% in the overall economy, the...

Last week, the Department of Energy (DOE) revealed the departure of Frank Rose, the no. 2 official in its nuclear security agency. His superior issued an internal memo praising him as an empathetic, candid, and action-oriented leader who prioritized the team’s welfare. Not disclosed were the...

In the newest push towards electric vehicles, the U.S. Department of Energy on Thursday announced a funding package to help automakers upgrade their existing factories for the production of electric vehicles. What Happened: The $15.5 billion package is meant to keep jobs within the communities...

President Joe Biden's administration said on Monday it is reportedly selling 26 million barrels of crude oil from the Strategic Petroleum Reserve — a step that may temporarily push the reserve below its current level of about 372 million barrels, its lowest level since 1983. The Department of...

The Department of Energy (DOE) has awarded Texas A&M University $3.47 million to support a project to 3D print a bio-aggregate composite consisting of hemp hurd and a lime-based binder, also known as hempcrete, a material with the potential to lower the environmental impact of traditional...

Over the years, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has discussed openly how close the electric vehicle company was to bankruptcy. One item that helped the company avoid bankruptcy was a “loan” from the Department of Energy (DOE), but it wasn’t a traditional loan that many...

The U.S. Department of Energy (DOE) said on Monday it would spend more than $3 billion in infrastructure funding to fund electric vehicle (EV) battery making. What Happened: DOE will allocate the funds from the $1 trillion infrastructure bill that President Joe Biden signed last year. ...