It’s one of seven hubs across the country that the Department of Energy originally announced in 2023, which will receive a combined $7B from the Bipartisan Infrastructure Law.

The Energy Department announced Friday it awarded the first tranches of funding to the Heartland and Mid-Atlantic hydrogen hubs — the last two hubs to receive their funding from

The rebates will reduce the cost of electric heat pumps, electric stoves, wiring and insulation. They’re expected to roll out this year.

Biden lost re-election, in part, because of inflation spurred by the Russia-driven energy crisis of 2022. Trump hammered Biden on domestic energy production on the campaign trail, promising that the US would “drill, baby, drill” its way to prosperity.

The 50% target, which was not legally binding, won the support of U.S. and foreign automakers. Trump also plans to direct agencies to reconsider rules mandating more stringent emissions rules that would require automakers to sell between 30% to 56% EVs by 2032 in order to comply.

WASHINGTON — The Biden administration has distributed at least $27.6 billion of dollars in financing to clean-energy companies in its final days before President-elect Donald Trump takes office.

The Biden Administration's award for EV charging demonstrates a sprint to deploy renewable energy funding prior to Trump taking office.

BNEF increased its projections after taking into consideration the rising cost of electrolyzers. Analysts warn promising energy source won't be viable for decades: 'It will continue to be challenging' first appeared on The Cool Down.

Nikola Corp. could be seeking a buyer, or facing worse issues, according to reports swirling around the Phoenix maker of zero-emission heavy trucks.

India’s solar module exports have seen a sharp rally in the last two years. Indian companies have been counting on investment support and technology transfers from the US to accelerate renewable energy growth.

Inflation Reduction Act is unlikely to be fully repealed as it enjoys some Republican support, though a “gradual and partial rollback” is possible.

Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.