Donald Trump has yet to enter the Oval Office for his second term officially, but his threat of tariffs is already raising concerns about the economic harm it could impose. If enacted, Trump’s trade agenda will counter his promises of American energy dominance and lower energy bills for American families and businesses.
US Department of Energy commits $7.54 billion loan for EV production in Kokomo
The U.S. Department of Energy Monday conditionally committed $7.54 billion to finance two electric vehicle facilities in Kokomo as part of an effort to bolster American EV battery manufacturing and reduce reliance on foreign sources. The federal financial commitment to large-scale lithium-ion battery production will “ensure the United States can meet domestic demand and remain a global...
Evelution Energy Receives $200 Million LOI From U.S. EXIM Bank to Fund Construction of U.S. Cobalt Processing Facility
Evelution Energy LLC (“EVelution Energy” or the “Company”) is pleased to announce that it has received a non-binding Letter of Interest (“LOI”) from the Export-Import Bank of the United States (“EXIM“) for a loan of up to $200 million, with tenor of 18 years, to fund the construction and operation of its solar-powered cobalt production facility...
Move over, Bitcoin: Blockchain, AI tech set to fuel carbon credit boom
If you aren’t paying much attention to carbon credits, a new report might make you change your mind. According to new data from Research and Markets, the global market for just carbon credit trading platforms alone is estimated to skyrocket from its 2023 total of $142.4 million to just under $600 million by 2030 —...
Rivian awarded $6.6 billion DOE loan to build EV facility in Georgia
Electric vehicle manufacturer Rivian will receive nearly $6.6 billion from the Biden administration to construct a factory in Georgia as part of the White House’s agenda to expand the EV industry. The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing...
Why Going Nuclear Is Vital to America
Production of clean, safe, and reliable nuclear energy is a vital part of America’s energy future. Once a reactor is built, it becomes a lasting part of America’s energy infrastructure. An insightful new book by Jack Spencer, “Nuclear Revolution: Powering the Next Generation” (Optimum Publishing International) describes what America has to do to ramp up...
Abundant Energy from Free Markets
Chris Wright, CEO of Liberty Energy and nominee for Secretary of Energy, wrote this foreword for C3 Solutions 2023 "Free Economies are Clean Economies" report, which was published on December 8th, 2023.
New Technological Developments Could Help Lower DAC Costs
Reducing global carbon dioxide emissions is an essential part of fighting climate change. However, not every industry can easily decarbonize, so carbon capture is essential.
New Pennsylvania program aims to fast track permitting process for big economic projects
Governor Josh Shapiro signed an executive order establishing the first program of its kind in the nation to give critical projects a leg up during the permitting processes. The governor calls the initiative a “game changer” for economic development in the Keystone State. “We need to move quickly to get big projects built and to...
DT Midstream to buy three natgas pipelines from ONEOK for $1.2 bln
Pipeline operator DT Midstream (DTM.N), opens new tab said on Tuesday it would acquire three natural gas transmission pipelines from ONEOK (OKE.N), opens new tab for $1.2 billion in cash, boosting its presence in the Midwest market amid rapid consolidation in the U.S. industry. Increased consolidation among oil and gas producers and hurdles in getting new energy infrastructure approved...