Rivian, Plug Power Win DOE Backing for Major Green Developments

Industrial Info is tracking more than $10 billion worth of active projects across the U.S. from Rivian and Plug Power, which have major projects under construction in Illinois and New York, …

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Rivian, Plug Power Win DOE Backing For Major Green Developments

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Industrial Info is tracking more than $10 billion worth of active projects across the U.S. from Rivian and Plug Power, which have major projects under construction in Illinois and New York, …

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DOE Finalizes $9.8B In Financing For Rivian, Plug Power, Sunwealth, …

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Jan 17, 2025 · The Biden administration has been working down to the wire to finalize billions of dollars of federal backing for clean technology companies — and Rivian, Plug Power, and …

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US Finalizing Billions For Rivian, Plug Power Before Trump Retakes …

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Jan 16, 2025 · The Department of Energy announced Thursday the closing of $6.6 billion in financing for Rivian to construct a Georgia manufacturing plant. It also confirmed Latham, New …

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DOE Announces $6.57 Billion Loan To Rivian To Support The …

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Jan 16, 2025 · As part of the Biden-Harris Administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a …

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Rivian And Plug Power Close Government Loan Deals Just Before …

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Jan 17, 2025 · Rivian's stock has soared 42.7% over the past three months through Thursday and Plug Power shares have charged up 34.3%, while the Invesco WilderHill Clean Energy …

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Plug Power Snags $1.7 Billion DOE Loan Guarantee For Green

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Jan 17, 2025 · Plug Power Snags $1.7 Billion DOE Loan Guarantee For Hydrogen Plants. The funding comes as the Biden Administration winds down its clean energy push before Trump …

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Biden Finalizing DoE Loans For Plug Power, Rivian Before Trump …

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Jan 16, 2025 · 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 …

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US Finalizing Billions For Rivian, And Hydrogen Company Plug …

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Jan 16, 2025 · Plug Power shares jumped as much as 6.6% before the start of regular trading, while Rivian’s stock advanced as much as 4.4%. Financing for the two companies comes as …

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Rivian, U.S. Finalize $6.6. Billion Loan Before Trump Retakes Office

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Jan 17, 2025 · Rivian shares closed 3.6% higher after the finalizing of the loans was first reported by Bloomberg, while Plug Power gained 1.1%. –With assistance from Kara Carlson and Ed …

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Rivian Gets $6.6B Loan Approval From DOE To Build Georgia Plant

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Jan 17, 2025 · The DOE also confirmed that Plug Power Inc.’s PLUG subsidiary, Plug Power Energy Loan Borrower, LLC, will receive a $1.66 billion loan guarantee to finance up to six …

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Georgia Rivian Plant Will Receive A $6 Billion Loan From DOE

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Nov 26, 2024 · The state offered a $1.5 billion incentive package that would give the company tax breaks in exchange for employees, investments and jobs. Project Horizon, the $5 billion plant, …

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Rivian Receives Conditional Commitment For Up To $6.6

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Nov 26, 2024 · American all-electric automaker Rivian Automotive (NASDAQ: RIVN) today announced it has received conditional commitment from the U.S. Department of Energy’s …

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Biden Approves Over $8B In Energy Funding For Rivian, Plug Power

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Jan 17, 2025 · Outgoing US President Joe Biden approves funding for clean energy projects just days ahead of President-elect Donald Trump's return to the White House. The funding …

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FAQs about Rivian, Plug Power Win DOE Backing for Major Green Developments Coupon?

Will the Biden administration finalize billions of dollars for Plug Power & Rivian?

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. ...

Will Biden finance Plug Power & Rivian Automotive before Trump returns?

Biden administration set to finalize billions in financing for Plug Power and Rivian Automotive before Trump returns to White House, boosting stocks. ...

What does Rivian funding mean for electric vehicles?

Rivian, in a statement Thursday, said its financing would accelerate expansion of the company’s new R2 SUV and R3 crossover, and was “key to U.S. leadership in the electric vehicle industry.” Plug said its funding would be used for the construction of as many as six projects, the first to benefit being its Graham, Texas, green hydrogen plant. ...

Does Rivian offer a career path?

Rivian is exploring expanding participation in this program to other career paths. Across all LPO’s programs, DOE has attracted 182 applications for projects across the country totaling over $278.9 billion in requested loans and loan guarantees, as of December 2024. ...

Why did Rivian announce a new EV model?

The announcement reflects a material increase in domestic EV manufacturing to support the rapidly growing U.S. EV market, which saw a 12% increase in sales in the final quarter of 2024. At its Georgia facility, Rivian will produce its all-electric midsize platform (MSP) with its R2 and R3 models as the first variants in production. ...

Does Rivn have a manufacturing plant in Georgia?

RIVN receives a $6.6 billion loan approval from the DOE to build a manufacturing plant in Georgia, which is set to produce SUVs and crossover vehicles. ...