 Energy & Environment |
Energy & Environment |
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DOE tentatively OKs loan for battery maker |
The Energy Department on Friday announced that it conditionally approved an $850 million loan to a battery manufacturing plant in Arizona. |
The loan would go to KORE Power, Inc. to help it construct a facility in Buckeye, Arizona known as "KOREPlex." The announcement from the Energy Department said that the facility would strengthen the U.S.'s supply chain for batteries for electric vehicles as well as for energy storage — which refers to batteries that are often used to store electricity produced by renewable sources. The facility would produce 6 gigawatt hours of battery cell storage capacity, the department said, adding that this is enough to power more than 28,000 electric vehicles each year. The announcement comes as loans issued by the Biden administration have faced a degree of scrutiny from Republicans. The Energy Department recently did not go through with a separate conditional loan to a battery manufacturer that had been the subject of significat GOP scrutiny amid alleged ties to China. |
Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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CHEYENNE, Wyo. (AP) — James Watt, the Reagan administration's sharp-tongued, pro-development interior secretary who was beloved by conservatives but ran afoul of environmentalists, Beach Boys fans and eventually the president, has died. He was 85. |
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The Northeastern and mid-Atlantic U.S. is entering its fourth day blanketed in sepia-toned haze from wildfires in Canada, and experts say much of the fog could persist into next week, with parts of the upper Midwest expected to be impacted as well. |
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The White House on Thursday postponed a planned Pride month celebration on the South Lawn, citing concerns over the air quality as smoke from Canadian wildfires coated the region. |
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Branch out with a different read on The Hill: |
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A Republican congressional committee escalated its campaign against sustainable investing on Tuesday. The GOP heads of two major House subcommittees sought to cast investing that considers factors … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: - Granholm contradicts testimony, reveals she did own stocks (E&E News)
- How poor air quality and wildfire smoke impact pregnant people (The 19th*)
- Oil posts second weekly decline as demand concerns overshadow Saudi cut (Reuters)
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Upcoming news themes and events we're watching: |
- Monday: The House Rules Committee will meet to discuss the rules for votes on legislation including two gas stove bills following a conservative revolt this past week.
- Tuesday: The House is scheduled to vote on a bill that would restrict the Consumer Product Safety Commission's ability to regulate gas stoves The House Energy and Commerce Committee will hold an oversight hearing of the Federal Energy Regulation Commission (FERC).
- Wednesday: The House is scheduled to vote on a bill that would block a DOE efficiency proposal for cooking appliances including gas stoves.
- Thursday: The House Natural Resources Committee will hold a hearing on a bill to block a Biden administration proposal to offer up conservation leases, where the governors of South Dakota and Wyoming are slated to testify. The Senate Environment and Public Works Committee is slated to hold a hearing on the environmental justice implications of plastic production and disposal.
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Two key stories on The Hill right now: |
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According to explosive reporting, the powerful internal investigative body that oversees the nation's intelligence agencies found a whistleblower's claims of an illegal government UFO crash retrieval and exploitation effort to be "credible and urgent." To eliminate potential ambiguity regarding such an extraordinary development, a knowledgeable source confirmed to me that the intelligence community inspector general found "allegations that there is a [UFO crash retrieval] program [to be] urgent and credible." Read more |
| The Justice Department on Friday unveiled a 37-count indictment against former President Trump over his handling of classified materials after leaving the White House, offering up an expansive look at the evidence prosecutors collected. Read more |
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Op-eds related to energy & environment submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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