Energy Department
Energy Department will lend G.M. and LG $2.5 billion to build battery factories.
The U.S. Energy Department said Monday that it would lend $2.5 billion to a battery maker owned by General Motors and LG Energy Solution to build battery factories, advancing the Biden administration’s plan to promote electric vehicles and reduce dependence on China for critical components. G.M. and LG Energy, a South Korean battery maker, are […]
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Cryptomining Capacity in U.S. Rivals Energy Use of Houston, Findings Show
Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as the homes in Houston, according to data disclosed Friday as part of an investigation by congressional Democrats who say miners should be required to report their energy use. The United States has seen an […]
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Nuclear Power Gets New Push in U.S., Winning Converts
Ms. Capito has argued that coal-fired power plants, which have been closing as the nation moves away from fossil fuel sources, could become sites for nuclear reactors. That would provide benefits for places like her home state, which has produced coal and relied on it as fuel for power generators. “Ultimately, you get to a […]
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Russia’s Aggression Prompts Calls to Rethink U.S. Uranium Imports
WASHINGTON — As Western leaders have raced to respond to Russia’s invasion of Ukraine with steps to reduce imports of Russian fossil fuels, U.S. lawmakers and officials are confronting a thorny dilemma over another source of energy: the Russian uranium that powers many American nuclear plants. While President Biden banned imports of Russian oil, gas […]
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Carmakers Race to Control Next-Generation Battery Technology
WOBURN, Mass. — Already far behind Asian manufacturers in building electric car batteries, U.S. automakers and their suppliers are racing to develop a new generation of batteries that are cheaper, can pack in more energy and charge faster. It is a global contest with huge economic consequences for automakers, small battery start-ups and car buyers, […]
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Inflation Surged Again in October, With P.C.E. Index Climbing 5 Percent
A key measure of inflation showed consumer prices rising at the fastest pace in three decades, as energy prices and demand for goods and services soared, posing a challenge to both the White House and the Federal Reserve. Prices climbed by 5 percent in the 12 months through October, according to Personal Consumption Expenditures price […]
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