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Energy Department

All articles tagged with #energy department

Oklo's Tiny Nuclear Reactor Reaches Criticality, Accelerating U.S. Nuclear Push
energy21 days ago

Oklo's Tiny Nuclear Reactor Reaches Criticality, Accelerating U.S. Nuclear Push

Oklo Inc.'s Groves Isotope Test Reactor in Texas reached criticality, achieving a self-sustaining nuclear chain reaction as part of the DOE pilot program advancing small modular reactors; it’s the fifth such reactor to hit this milestone, with Washington promoting broader deployment of large and small reactors while regulatory barriers are trimmed. Oklo’s stock rose in pre-market trading on the news, highlighting continued momentum for U.S. nuclear ambitions even as no SMRs are yet operating commercially in the country.

Federal Lands Reimagined as AI Data-Center Hubs
politics1 month ago

Federal Lands Reimagined as AI Data-Center Hubs

The Energy Department will redevelop a retired Cold War-era uranium enrichment facility in Paducah, Kentucky, into a $100 billion AI data-center campus, featuring 2 gigawatts of natural-gas-fired power and 2.6 gigawatts of battery storage, privately funded through a partnership with NextEra Energy, Brookfield, and local utilities, as officials push AI development despite local opposition.

Energy Department Cancels Loan for Grain Belt Express Power Line
energy1 year ago

Energy Department Cancels Loan for Grain Belt Express Power Line

The U.S. Energy Department canceled a $4.9 billion loan guarantee for the controversial Grain Belt Express transmission project, citing unlikely conditions for support and concerns over taxpayer resources, which may jeopardize the $11 billion infrastructure aimed at transmitting wind energy across the Midwest amid opposition from landowners and Republican lawmakers.

Rivian Secures $6.6B Federal Loan for Georgia EV Plant Completion
business1 year ago

Rivian Secures $6.6B Federal Loan for Georgia EV Plant Completion

Rivian, an electric vehicle manufacturer, has secured a $6.6 billion loan from the U.S. Energy Department to complete its stalled factory project in Georgia. The plant, located near Social Circle, was intended for producing midsize and crossover SUVs but faced delays due to financial issues. Rivian, which began selling vehicles in 2021, currently produces pickup trucks and three-row SUVs.