Plug Power Wins Government Loan. CEO Is Confident About Trump Era.
The news comes just days before President Donald Trump takes office with plans to reduce support for clean energy companies.
Plug Power Stock Charges Higher On $1.66B Department Of Energy Loan: The Details
Plug Power shares are trading higher in the after-hours session Thursday after the green hydrogen company announced a loan guarantee from the U.S. Department of Energy.
Feds finalizing billions for Rivian, plug power before Trump retakes office
The funding includes the closing of a federal loan to Rivian for the construction of a Georgia manufacturing plant.
Biden finalizing DoE loans for Plug Power, Rivian before Trump returns - Bloomberg
Plug Power (NASDAQ:PLUG) +1.7% and Rivian Automotive (RIVN) +1.1% in early trading Thursday following a Bloomberg report that the Biden administration is poised to finalize billions of dollars in financing for the two companies before President-elect Trump returns to the White House.
Rivian, Plug Power Stocks Draw Retail Buzz On Report of $8B Loan Push By Biden Ahead of Trump's Office Return
Rivian Automotive and Plug Power shares jumped in premarket trading Thursday, up nearly 2% and over 5%, respectively, drawing significant retail investor interest. The spike came after a Bloomberg report late Wednesday revealed that both companies might secure billions in financing from the Biden administration before Donald Trump assumes office next week.
US announces nearly $23 billion in loans to energy utilities across 12 states
The U.S. Energy Department's loan office on Thursday announced $22.92 billion in conditional financing for several energy ...
Energy Dept. Backs $22 Billion in Loans to Reshape U.S. Power Grids
The loan guarantees are one of the final attempts by the outgoing Biden administration to encourage power companies to cut ...
POWER Magazine1d
Biden's DOE Finalizes $15 Billion Loan Guarantee to California's PG&E
The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in ...
Rivian, U.S. finalize $6.6. billion loan before Trump retakes office
The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia ...
IJR2d
Biden’s Green Loan Office Offers Up A Staggering $22 Billion In Admin’s Final Hours
The Biden administration’s green loan office is shelling out nearly $23 billion to utility companies for green energy ...
POWER Magazine1d
As Last Measure, Biden Administration Unveils $23B in Utility Loan Commitments to Modernize Grid, Boost Clean Energy
As a significant final move before the incoming Trump administration takes office, the Biden administration has announced ...
PG&E Gets Record $15 Billion Loan in One of Biden’s Final Acts
The Biden administration finalized a record $15 billion loan guarantee to PG&E Corp. in one of the Biden’s administration’s ...
pv-magazine-usa1d
Energy Department closes $1.2 billion in loans to Puerto Rico power producers
Loan guarantees by Loan Programs Office intend to finance grid enhancement to build resilience and expand access to ...