The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.

WASHINGTON — Overshadowed by the tailpipe emissions rule, the Department of Energy finalized changes to a calculation that could impact automakers’ ability to sell gas-powered vehicles.

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

Federal funding for hydrogen fuel hubs and competition for economic development projects were central themes among state governments in 2023.

The Biden administration may not be able to take full advantage of the recent drop in oil prices as it seeks to refill its depleted crude oil reserve, an Energy Department official said Dec. 4.

The Energy Department is pushing to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.

Seven regional hydrogen hubs that received the administration’s OK face up to 12 years before achieving commercial output no later than 2035, according to a Department of Energy timeline.

WASHINGTON — The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China.

The U.S. is soliciting bids for up to 3 million barrels of sour crude oil to refill its depleted Strategic Petroleum Reserve in August.

WASHINGTON — A meeting with Energy Secretary Jennifer Granholm to discuss lowering gas prices and boosting domestic oil supplies was constructive, but did not produce a major breakthrough, groups representing the oil industry and refiners said June 23.