Trump DOE gives Microsoft partner $1B loan to restart Three Mile Island reactor
Constellation Energy will use the loan to refurbish a reactor it idled in 2019. Microsoft has agreed to buy the power once the facility reopens in 2028.
Trump Administration
Roelof Botha explains why Sequoia supports Shaun Maguire after COO quit
Sequoia’s managing partner Roelof Botha defended his colleague’s controversial comments that sparked an online backlash, arguing that the VC firm needs “spiky” people.
Trump credits Benioff, Huang for decision not to ‘surge’ Fed troops into San Francisco
Trump said he scrapped plans to send the National Guard into San Francisco after calls from Nvidia’s Jensen Huang and Salesforce’s Marc Benioff. Mayor Daniel Lurie confirmed the plan was canceled.
U.S. and Australia sign $3B critical minerals deal
Leaders of the country’s governments announced they would work together to secure critical minerals supplies outside of Chinese control. The deal includes a new gallium refinery in Western Australia.
Trump DOE confirms it’s canceling over $700M in manufacturing grants
The Department of Energy said it was canceling grants to build new factories in places like Alabama and Kentucky. Three startups are affected.
Trump DOE decides to keep at least one Biden-era energy program
The loan guarantee will backstop $1.6 billion for AEP, one of the nation’s largest utilities, as it seeks to modernize a portion of its transmissions lines.
Trump’s DOE proposes cutting billions in grants for GM, Ford, and lots of startups
Trump’s Department of Energy wants to cancel billions more in awards that were granted by the Biden administration, and startups are in the crosshairs.
Leaked doc reveals the chaotic politics behind Trump Energy Department cuts
Harris-voting states were hit hardest by Department of Energy award cancellations, but not every blue-state project was cut. Politics might play a role.
Department of Energy cancels $7.5B of clean energy projects in mostly blue states
The Trump administration canceled over 300 awards related to clean energy on October 1. The states most affected by the cuts voted for Democrat presidential candidate Kamala Harris.
Department of Energy cancels $7.5B of clean energy projects in Harris-voting states
The Trump administration canceled over 300 awards related to clean energy on October 1. The states with affected projects all voted for Democrat presidential candidate Kamala Harris.