The devices can heat and cool homes more efficiently than furnaces and air-conditioners, but their sales have slowed because of higher interest rates and a slow rollout of federal incentives.
Category: Energy Department
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Nuclear Energy Project in Idaho Is Canceled
The project that NuScale Power and Western energy companies had developed struggled to attract enough utility customers.
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Nuclear Energy Project in Idaho Is Canceled
Technical challenges, higher costs and rising interest rates hurt the project that NuScale Power and Western utilities had developed.
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Biden Administration Awards $7 Billion for 7 Hydrogen Hubs Across the U.S.
Clean hydrogen could help fight climate change, but it barely exists today. Now the administration wants to build an entire industry from scratch.
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Incandescent Bulb Ban Renews a Squabble Over the American Home
A ban on most kinds of traditional bulbs renews a cultural squabble between regulatory efforts to curb energy consumption and the very American impulse to do whatever one wants in one’s domicile.
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Ford’s Battery Joint Venture to Get $9.2 Billion Government Loan
The money will help finance three plants the automaker and its partner, SK On, are building in Kentucky and Tennessee.
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Salesforce Faces Mounting Investor Pressure As Profits Sag
The New York Times – Business:The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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How the Lab Leak Theory Could Strain U.S.-China Relations
The New York Times – Business:The U.S. Energy Department’s report identifying the Wuhan Institute of Virology as the likely source of the coronavirus has already generated pushback in Beijing.
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Energy Department Will Loan $2 Billion to Redwood Materials
The New York Times – Business:The loan will help accelerate Redwood Materials’ plans to produce components for electric car batteries from new and recycled sources.
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Biden Administration to Buy Three Million Barrels of Oil
The New York Times – Business:The move appears to signal an end to the government’s effort to sell oil from a strategic reserve to help tamp down energy prices, which soared after Russia’s invasion of Ukraine.
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US Approves Aid to Extend Life of California Nuclear Plant
The New York Times – Business:The Energy Department’s grant of $1.1 billion is the latest step that could keep the reactor in operation beyond its scheduled shutdown in 2025.