Department of Energy

President Donald Trump's Department of Energy (DOE) has rescinded a rule that incentivized automakers to produce more EVs to comply with Fuel Economy norms. Fuel Content Factor On EVs The rescinded provision, called the "fuel content factor," allowed automakers to calculate fleetwide fuel economy...

NVIDIA Corp. (NASDAQ:NVDA) announced Tuesday that, in partnership with Oracle Corp. (NYSE:ORCL), it will build the U.S. Department of Energy's largest artificial intelligence supercomputer using more than 100,000 GPUs.  The goal is to build a system of supercomputing power that will support...

The Department of Energy, under President Donald Trump, has moved aggressively to invigorate the domestic nuclear sector.  OKLO stock is moving. See the details here.  The new Defense Production Act Consortium — an initiative designed to rebuild the entire U.S. nuclear fuel cycle from uranium...

IonQ Inc (NYSE:IONQ) shares are getting a lift in extended trading on Wednesday after the company announced a deal with the U.S. Department of Energy (DOE). IONQ is testing upper boundaries. See the complete data here. What Happened: After the market close on Wednesday, IonQ announced that it...

President Donald Trump is emphasizing nuclear energy and has rallied the Department of Energy to overhaul the sector through a series of executive orders and initiatives.  The administration's ambitious goal is to quadruple U.S. nuclear generating capacity to 400 GW by 2050 and reinvigorate the...

Amid escalating US-China tensions, senior scientist Yi Shouliang, formerly with the US Department of Energy, has left the U.S. to assume a new academic role at Sichuan University in China, according to a media report on Friday.What Happened: Yi recently departed the US after a short tenure as an...

The U.S. Energy Department (DoE) is reportedly contemplating substantial reductions, potentially halting nearly $10 billion in federal funding for clean-energy projects. This move could jeopardize high-profile collaborations with Exxon Mobil (NYSE:XOM) and Occidental...

Plug Power Inc (NASDAQ:PLUG) has locked in its much-anticipated $1.66 billion Department of Energy loan. JPMorgan analyst Bill Peterson believes that the move “likely eases investor concerns” about a potential cancellation under a second Donald Trump administration. While this milestone...

Rivian Automotive Inc (NASDAQ:RIVN) shares are charging higher in Thursday’s after-hours session after the company finalized a loan agreement with the U.S. Department of Energy (DOE). What Happened: After the market close on Thursday, Rivian announced it closed its loan agreement with the DOE...

President-elect Donald Trump's picks for Secretary of State, Secretary of Transportation, Attorney General, CIA Director and Secretary of Energy are set to begin the confirmation process on Wednesday. Here's a look at who will be appearing before Senate committees on as the nominations process...

President-elect Donald Trump ran on a promise to “drill, baby, drill” in his second term in office, reflecting his continued support of the fossil fuel industry. His stance on nuclear energy, however, is murky. What Happened: Following his 2016 election win, Trump called for efforts to...

Clean energy jobs grew at twice the rate of overall jobs in the U.S. in 2023, according to a report from the U.S. Department of Energy (DOE) released on Wednesday. Jobs in that sector grew by 4.2%, or 142,000 positions, last year, compared to a job growth rate of 2.0% in the overall economy, the...

Last week, the Department of Energy (DOE) revealed the departure of Frank Rose, the no. 2 official in its nuclear security agency. His superior issued an internal memo praising him as an empathetic, candid, and action-oriented leader who prioritized the team’s welfare. Not disclosed were the...

In the newest push towards electric vehicles, the U.S. Department of Energy on Thursday announced a funding package to help automakers upgrade their existing factories for the production of electric vehicles. What Happened: The $15.5 billion package is meant to keep jobs within the communities...

President Joe Biden's administration said on Monday it is reportedly selling 26 million barrels of crude oil from the Strategic Petroleum Reserve — a step that may temporarily push the reserve below its current level of about 372 million barrels, its lowest level since 1983. The Department of...