inflation reduction act

EVgo secures $1.25 billion loan amid Biden’s rush to approve clean energy loans

Climate /

Electric vehicle charging startup EVgo is the latest company to secure funds from the U.S. Department of Energy as the Biden administration races to approve clean energy loans before Donald Trump takes over.  Trump has promised to cancel any unspent funds from Biden’s bipartisan Inflation Reduction Act, including the $7,500 tax credit for new EV […]

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How Trump’s election could affect the startup-friendly Inflation Reduction Act

Climate /

President-elect Donald Trump spent plenty of time on the campaign trail railing against key portions of the Inflation Reduction Act, from solar and wind tax credits to electric vehicles and environmental justice initiatives.  But his return to the presidency doesn’t necessarily spell the end of the landmark legislation. While Trump’s administration is unlikely to be

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The 25 battery tech startups that just got a piece of $3B in federal funds  

Government & Policy /

The federal government is handing out another $3 billion to startups in the buzzy battery tech sector.  The investment, which the Biden administration announced Friday, is the latest injection of capital to come from a $16 billion pot that the Department of Energy set aside to build out local battery manufacturing, processing, and recycling facilities.

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Tracking the EV battery factory construction boom across North America

Government & Policy /

The onshoring of battery manufacturing for EVs started as a trickle during the COVID-19 pandemic. Then it turned into a tsunami. In 2019, just two battery factories were operating in the United States with another two under construction. Today there are about 34 battery factories either planned, under construction or operational in the country. U.S.

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