Federal court upholds the dismantling of the Green Bank

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The energy sector in the United States is experiencing a turbulent period, with significant developments across various segments. Here's a roundup of the latest news:

Bankruptcy Shakes Electric Bus Market

The bankruptcy of leading electric bus manufacturer Lion Electric has caused a stir in the industry, leaving many wondering about the future of electric transportation.

Sodium-Ion Battery Startup Faces Shutdown

U.S. battery startup Natron Energy, which was pursuing sodium-ion batteries, has closed its plants in Michigan and California and shut down operations after failing to secure enough capital.

Green Bank Program in Legal Limbo

A federal court decision on the green bank program, created by the Inflation Reduction Act, is likely to be appealed, adding to the uncertainty surrounding renewable energy funding.

Solar-Powered Factory Plans Stalled

Imola Automotive USA plans to break ground on a solar-powered factory in Georgia within the next year, but has been unable to secure land for two more proposed factories in Arkansas and Oklahoma.

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Texas Regulators Approve Gas Emissions

An analysis finds that Texas regulators have largely approved permits for oil and gas drillers to emit vast amounts of gas, with over 12,000 flaring and venting applications between 2021 and 2024, and only 53 rejections.

Equinor Boosts Ørsted Amid U.S. Setbacks

Norwegian energy giant Equinor has pledged $939 million to Ørsted due to the federal pause of its Revolution Wind project and other U.S. wind market setbacks.

Calls to Extend Coal Plant Operations

Pueblo County, Colorado, has called on the Trump administration to order Xcel Energy to continue operating the Comanche coal generators beyond their scheduled retirement dates of 2025 and 2031.

SouthCoast Wind Project at Risk

The SouthCoast Wind project off Massachusetts faces the possibility of a permit revocation by the Trump administration.

TVA Commits to Advanced Nuclear Technology

The Tennessee Valley Authority (TVA) has signed a power purchase agreement for electricity from the Generation IV reactor Hermes-2 by Kairos Power, with the reactor expected to operate by 2030 and supply up to 50 MW. This marks TVA's commitment to deploying advanced nuclear technology rather than building traditional large nuclear power plants.

TVA Plans Small Nuclear Power Plants

The Tennessee Valley Authority announces plans for ENTRA1 Energy to develop and own six small nuclear power plants developed by NuScale, totaling 6 GW.

EV Charging Stations Prioritized

The Trump administration will prioritize EV charging stations at gas stations and truck stops for funding in the reopened $5 billion National Electric Vehicle Infrastructure program.

Federal Court Cancels Green Bank Grants

The federal court has found that the Trump administration can cancel all grants under the $20 billion federal green bank program created by the Inflation Reduction Act.

Attorney General Accuses Investment Firms of Cartel

Texas Attorney General Ken Paxton leads a group of 10 other Republican attorneys general in a lawsuit accusing BlackRock, Vanguard, and State Street of running an investment cartel to boost profits, push down coal production, and increase utility bills.

Uncertainty Surrounds Clean School Bus Funding

The Trump administration hasn't disclosed its plans for $2.3 billion in unspent clean school bus funding, leaving schools to navigate federal uncertainty.

Federal court upholds the dismantling of the Green Bank