Rivian, U.S. finalize $6.6. billion loan before Trump retakes office
The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant.
Rivian and DOE finalize loan deal for up to $6.6B for Georgia facility
Rivian announced it has closed its loan agreement with the U.S. Department of Energy’s DOE Loan Programs Office LPO for up to $6.6B in
Rivian finalizes $6.6B loan for its Georgia factory
Rivian and the Department of Energy have finalized a $6.6 billion loan announced in November with just a few days left until Donald Trump’s inauguration. The company will use the loan to help build out its planned factory in Georgia,
Rivian secures its $6.6B Department of Energy loan for Georgia manufacturing facility
Rivian Automotive (NASDAQ:RIVN) took another step forward by announcing on Thursday that the company closed its loan agreement with the U.S. Department of Energy’s Loan Programs Office. The agreement is for up to $6.
Rivian Gets $6.6B Loan Approval From DOE to Build Georgia Plant
Rivian Automotive, Inc. RIVN will receive a $6.6 billion loan from the Department of Energy (DOE) to build a manufacturing plant in Georgia. This facility will produce SUVs and crossover vehicles, marking a shift from Rivian's current focus on luxury vehicles to what the DOE describes as mass-market models.
US announces nearly $23 billion in loans to energy utilities across 12 states
The U.S. Energy Department's loan office on Thursday announced $22.92 billion in conditional financing for several energy ...
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Energy Department announces $22.92 billion in loans to upgrade transmission
Utility projects supported by these loans are expected to add much-needed transmission capacity by building new transmission ...
PG&E Gets Record $15 Billion Loan in One of Biden’s Final Acts
The Biden administration finalized a record $15 billion loan guarantee to PG&E Corp. in one of the Biden’s administration’s ...
Plug Power Wins Government Loan. CEO Is Confident About Trump Era.
The news comes just days before President Donald Trump takes office with plans to reduce support for clean energy companies.
Energy Dept. Backs $22 Billion in Loans to Reshape U.S. Power Grids
The loan guarantees are one of the final attempts by the outgoing Biden administration to encourage power companies to cut ...
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Energy Department closes $1.2 billion in loans to Puerto Rico power producers
Loan guarantees by Loan Programs Office intend to finance grid enhancement to build resilience and expand access to ...
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Biden Administration Offers $23 Billion Conditional Loans to Utilities
The US Department of Energy awarded $23 billion in loans to utilities for clean energy projects before the end of the prior ...
Plug Power Stock Charges Higher On $1.66B Department Of Energy Loan: The Details
Plug Power shares are trading higher in the after-hours session Thursday after the green hydrogen company announced a loan ...
Chart Reveals Trump Could Undo All of Biden's Student Loan Forgiveness
More than 5 million Americans have benefited under Biden's presidency due to his student loan forgiveness policies.