US Department of Energy
Coverage of US Department of Energy in the Nexus archive.
- Climate tech companies are pivoting to critical minerals
Climate tech companies are shifting their business strategies to focus on critical minerals and metals production to survive in a political environment with reduced climate support. Boston Metal raised $75 million to expand into niobium and tantalum production, while Brimstone is pivoting to produce alumina alongside cement to align with US government priorities.
- Now Even AI Is Seeing Growing AI Concentration Risk
SoftBank Group Corp. is working on a data center-focused infrastructure project in Ohio, which is expected to bring in $500 billion into a single campus. The project is being led by Masayoshi Son, CEO of SoftBank Group Corp. US energy secretary Chris Wright and US commerce secretary Howard Lutnick were present at a news conference.
- Old Oil and Gas Wells Could Find Second Life Producing Clean Energy
States in the US are repurposing old oil and gas wells to generate clean energy, reducing pollution from these sites. This initiative aims to utilize major sources of pollution as sources of much-needed power. The move is part of a broader effort to transition towards cleaner energy production.
- US Needs Another Decade to Fix $1.2 Trillion Rare Earth Crisis
The US faces a $1.2 trillion rare earth crisis that will take another decade to fix. The country needs to address this issue to ensure its economic and technological stability. Rare earth elements are crucial for various industries, including technology and renewable energy.
- Foreign Buyers Snap Up Nearly Half of Trump’s Emergency Oil
Foreign buyers have purchased nearly half of the emergency oil released by Trump. The oil was stored at the US Department of Energy's Bryan Mound Strategic Petroleum Reserve in Freeport, Texas. This move has significant implications for the global energy market.
- US moves to release more oil stockpiles under IEA agreement
The US Department of Energy is releasing 53.3 million barrels of oil from its stockpiles due to rising oil prices under the IEA agreement. This move aims to stabilize the market and reduce prices. The action is taken amid increasing global demand and supply chain disruptions.
- Rivian downsizes new EV factory after Trump’s DOE slashes loan agreement
Rivian has revised its Georgia EV factory plans from 400,000 annual production capacity to 300,000 units due to a reduced $4.5 billion loan from the US Department of Energy (DOE), down from $6.6 billion. The company will still aim to reach the lower capacity faster than originally planned.