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US Energy Department Cancels $7.6 Billion in Funding Meant for Projects

(Reuters) – The U.S. Department of Energy on Wednesday said it planned to cancel $7.56 billion in financing for hundreds of energy projects that it said would not provide sufficient returns to taxpayers. The department’s announcement came hours after White House budget director Russell Vought said in a post on X that the administration would …

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US Intends to Cancel $13 Billion in Funds for Green Energy

Sept 24 (Reuters) – The U.S. Department of Energy intends to cancel more than $13 billion in funds that the Biden administration had pledged to subsidize wind, solar, batteries and electric vehicles, it said on Wednesday. It was not immediately clear which funds were being targeted. The department did not immediately respond to a request …

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US Will Return to Treasury $13 Billion That Was Slated for Renewables and EVs, Energy Secretary Says

(Reuters) – U.S. Energy Secretary Chris Wright said at a press conference in New York that his department would announce on Wednesday the return to the U.S. Treasury of $13 billion that was slated to subsidize wind, solar, batteries and electric vehicles. Reporting by Timothy Gardner; Editing by Mark Porter

Bezos-Backed Renewables Alliance Targets $7.5 billion for Developing Countries

Summary Global Energy Alliance for People and Planet lays out new five-year plan Targets at least $500 mln in philanthropic capital Slide in official aid a focus at New York Climate Week, COP30 (Reuters) – An alliance that installs renewable energy in developing countries wants to invest around $7.5 billion during its next five-year plan, …

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Exclusive: Bezos-Backed Renewables Alliance Targets $7.5 billion for Developing Countries

Summary Global Energy Alliance for People and Planet lays out new five-year plan Targets at least $500 mln in philanthropic capital Slide in official aid a focus at New York Climate Week, COP30 (Reuters) – An alliance that installs renewable energy in developing countries wants to invest around $7.5 billion during its next five-year plan, …

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Five Takeaways From the BNEF Barrel of Tomorrow Summit – Houston

Takeaways by Bloomberg AI Companies are looking outside of the US for opportunities due to Trump rolling back clean-tech incentives, with the green hydrogen industry and carbon capture and storage being affected. Regulation is needed to scale green tech, with executives saying that policy support, including mandates, is necessary to lower technology costs and guarantee …

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US Solar Installation Forecast Slashed Due to Trump Policies, Report Says

(Reuters) – The U.S. solar industry is at risk of installing 27% less capacity between 2026 and 2030 than before the passage of President Donald Trump’s tax law that rolled back subsidies for such projects, a key trade group said in a report on Monday. WHY IT’S IMPORTANT The forecast by the Solar Energy Industries …

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Trump Supports Nuclear Power as it is ‘More American’ Than Wind, Solar, US Official Says

 The Trump administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar because it is “more American” than those forms of energy, the director of the U.S. Energy Dominance Council said on Thursday. Jarrod Agen said nuclear power is more likely to be made from U.S.-made …

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A Timeline of Trump’s Moves to Dismantle the US Wind and Solar Energy Industries

By Nichola Groom (Reuters) – U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden’s climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for …

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US Renewable Investments Fell 36% on Trump’s Policies, BNEF Says

By Tope Alake US investments in renewable energy projects plunged this year as developers responded to White House policy shifts targeting the sector. Investments fell by $20.5 billion, or 36%, in the first half of the year from the prior six months, according to a Tuesday report from BloombergNEF. Wind and solar commitments fell 18% …

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