{"id":17854,"date":"2024-12-06T09:02:34","date_gmt":"2024-12-06T10:02:34","guid":{"rendered":"http:\/\/medexperts.pro\/?p=17854"},"modified":"2024-12-06T10:26:38","modified_gmt":"2024-12-06T10:26:38","slug":"clean-energy-program-races-to-finish-work-before-trump-takes-over","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=17854","title":{"rendered":"Clean Energy Program Races to Finish Work Before Trump Takes Over"},"content":{"rendered":"
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The Energy Department\u2019s $400 billion program to support electric vehicles, batteries and other low emissions technology is hustling to get money out the door.<\/p>\n

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At the heart of the Biden administration\u2019s efforts to advance clean energy is a $400 billion lending program<\/a> that has backed dozens of projects across the nation, including battery factories<\/a> in Ohio and Tennessee, the revival of a shuttered nuclear reactor<\/a> in Michigan and a novel rooftop solar expansion<\/a> in Puerto Rico.<\/p>\n

Now, the Loan Programs Office at the Department of Energy is hustling to get money out the door before Donald J. Trump returns to the White House.<\/p>\n

Mr. Trump hasn\u2019t outlined his plans for the Energy Department. But some Republicans in Congress and advisers like Vivek Ramaswamy are already scrutinizing the loan office<\/a> as they hunt for ways to slash federal spending. The conservative policy blueprint<\/a> known as Project 2025 recommended that the loan office be \u201celiminated or reformed.\u201d<\/p>\n

Facing the prospect of drastic changes, the Biden administration has been working to finalize as many loans as possible before the changeover in January.<\/p>\n<\/div>\n<\/div>\n

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Under President Biden, the office has announced roughly $54 billion in loans or loan guarantees, which is still just a small portion of its lending authority. Of that, $19 billion was announced in the weeks after the election, including a conditional loan to help Rivian build an electric car factory in Georgia<\/a> and a loan guarantee for an enormous power line in the Midwest<\/a>.<\/p>\n

Yet the office has closed only $13.5 billion of the deals to date \u2014 the rest are conditional commitments that could be delayed or halted by a new administration.<\/p>\n

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The Energy Department\u2019s $400 billion program to support electric vehicles, batteries and other low emissions technology is hustling to get money out the door.At the heart of the Biden administration\u2019s efforts to advance clean energy is a $400 billion lending program that has backed dozens of projects across the nation, including battery factories in Ohio and Tennessee, the revival of a shuttered nuclear reactor in Michigan and a novel rooftop solar expansion in Puerto Rico.Now, the Loan Programs Office at the Department of Energy is hustling to get money out the door before Donald J. Trump returns to the White House.Mr. Trump hasn\u2019t outlined his plans for the Energy Department. But some Republicans in Congress and advisers like Vivek Ramaswamy are already scrutinizing the loan office as they hunt for ways to slash federal spending. The conservative policy blueprint known as Project 2025 recommended that the loan office be \u201celiminated or reformed.\u201dFacing the prospect of drastic changes, the Biden administration has been working to finalize as many loans as possible before the changeover in January.Under President Biden, the office has announced roughly $54 billion in loans or loan guarantees, which is still just a small portion of its lending authority. Of that, $19 billion was announced in the weeks after the election, including a conditional loan to help Rivian build an electric car factory in Georgia and a loan guarantee for an enormous power line in the Midwest.Yet the office has closed only $13.5 billion of the deals to date \u2014 the rest are conditional commitments that could be delayed or halted by a new administration.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":17856,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[],"class_list":["post-17854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17854"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17854\/revisions"}],"predecessor-version":[{"id":17857,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/17854\/revisions\/17857"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/17856"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}