U.S. Energy Dept. did not detail why it withdrew its conditional loan to Texas-based Microvast made last year for a $500M plant in Kentucky, but the firm's founder disputes Congressional allegations of alleged ties to the Chinese government voiced in letters to the agency since last year.
Project development, estimated to occur in the early-to-mid 2030s, will be based on design used in the U.S. Energy Dept. breakthrough effort last December that successfully demonstrated laser fusion power with energy gain.
Giant 10-year O&M contract combines functions of two awards originally planned—one to manage millions of gallons of radioactive waste stored underground at the former weapons site and the other to operate its multi-billion-dollar waste treatment plant awaiting startup.
DOE's push to attract private investors is seen to fast-track commercialization of clean hydrogen, long duration energy storage and advanced nuclear power.
Report says US sector hit big development milestones last year, including project movements and three federal lease auctions that added 11.4 GW in capacity, with another set in the Gulf of Mexico, but advocacy group says this still likely won't meet Biden call for 30 GW of power deployed by 2030.
U.S. Energy Dept. picks 33 hub proposals out of 79 submitted that it says are the strongest candidates for federal funding infusion, but agency declines to release names or plan details.
Crews finish 3,500-ft pipeline at federal Hanford site to move long-buried radioactive wastes to giant treatment plant 20 years in the making, with no DOE update on status of big operations contract award
US Energy Dept. cites report of 22 'shovel ready' high-voltage transmission and clean-energy link projects valued at $33 billion, but analysis claims half won't be built 'near term' due to planning and permitting hurdles.
