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The US Department of Energy purchases oil from four companies, including Shell, for strategic reserves
On May 17th local time, the US Department of Energy announced that it had purchased 3.3 million barrels of oil from four companies, including Shell, to supplement its strategic oil reserves. The aver ... -
The US Department of Energy announces over $3 billion in funding to support the development of the country's battery manufacturing industry
On Friday (September 20th) local time, the US Department of Energy announced funding of over $3 billion to 25 selected projects in 14 states to promote the production of more advanced batteries and b ... -
Rivian has received a $6.6 billion conditional loan commitment from the US Department of Energy, with plans to build factories in the US
On November 25th local time, American electric vehicle manufacturer Rivian announced that it has received a conditional commitment from the US Department of Energy's Advanced Technology Vehicle Manuf ...