The U.S. Energy Department’s Loan Programs Office has announced a conditional commitment of up to $9.2 billion for three manufacturing facilities to supply batteries for Ford Motor Company’s future Ford and Lincoln electric vehicles. The office approved the conditional loan for BlueOval SK LLC, a joint venture of Ford Motor Company and SK On, a…...
The U.S. Environmental Protection Agency on June 21 issued a final rule establishing the volume requirements and percentage standards for cellulosic biofuel, biomass-based diesel, advanced biofuel, and total renewable fuel for 2023-2025 under the Renewable Fuel Standard, or RFS, program. The final rule establishes renewable fuel blending volumes of 20.94, 21.54, and 22.33 billion gallons…...
The U.S. Energy Department on June 12 unveiled a funding package exceeding $192 million, aimed at advancing battery recycling for consumer products. This initiative includes the establishment of an advanced battery research and development consortium, as well as the continuation of the Lithium-Ion Battery Recycling Prize, which was initiated in 2019. This investment supports the…...
The U.S. Energy Department’s Loan Programs Office on June 9 announced a conditional commitment of an $850 million loan intended to provide financial support for the construction of KORE Power Inc.’s advanced battery cell manufacturing facility in Buckeye, Arizona. The facility, named “KOREPlex,” would bolster the domestic battery supply chain by increasing the battery cell…...
Heightened activity around energy storage reflects the growing importance of the technology to meet clean energy goals. Increasing levels of renewable energy, electrification of buildings and transportation, as well as… Read the full report …...
Demand response (DR) is becoming an important tool in utility resource plans to manage demand on the power grid and integrate intermittent energy resources. DR programs allow consumers to play a role in the operation of the grid by reducing or shifting their electricity usage during peak periods in response to time-based rates or other forms of financial incentives.