"The DOE Loan Programs Office gave out $107 billion to 53 projects, from EV factories to a nuclear-plant restart. But the fate of the loans is unclear under Trump."
"The Department of Energy made an unprecedented number of loans to ambitious clean energy projects throughout the Biden administration. Now the fate of that financing is uncertain amid President Trump’s ongoing attacks on federal climate and clean energy spending.
Under Biden, the DOE’s Loan Programs Office issued a total of 53 loans and loan guarantees worth over $107 billion. They went to large-scale projects including electric-vehicle factories from Ford and Rivian, the restart of the Palisades nuclear power plant in Michigan, and facilities that produce sustainable aviation fuel. The map below, based on public DOE data compiled on January 17 and shared with Canary Media, shows LPO loans by status for projects where geographic data is available. See the data table at the end of this article for more information on all projects that received LPO loans.
It’s unclear how the Trump administration will treat these loans."
Dan McCarthy and Jeff St. John report for Canary Media February 5, 2025.
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