DOE offers record-breaking $9.2B loan to build EV batteries in the US

Published on June 22, 2023

The Biden administration has offered a record-breaking $9.2 billion conditional loan commitment to a Ford Motor Co. joint venture to help scale up domestic lithium-ion battery production for the U.S. electric vehicle market. The Department of Energy’s Loan Programs Office plans to offer the loan to BlueOval SK, a…

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New York City is getting its biggest battery system yet

June 22, 2023
New York City’s biggest battery system is about to enter into service — just in time to alleviate stress on the electric grid from millions of whirring air-conditioners and spinning fans during the summer season. Con Edison, the city’s biggest utility, said it will flip the switch next week on a…

Americans are about to get their first taste of cultivated meat

June 23, 2023
Lab-grown meat, once a concept confined to science fiction, is about to become a reality in the United States: Upside Foods and Eat Just , two California-based companies that have been at the forefront of developing the technology, announced this week they had each received final regulatory approval from the U.S.…