department of energy - Tech News from Simmons Systems

Tech News from Simmons Systems

department of energy

A collection of 6 posts

department of energy

US Pours $5.25 Billion Into Grid Upgrades to Ease Datacenter Power Squeeze

The US Department of Energy announces $5.25 billion in funding this week to support dozens of grid improvement projects across the nation. The package includes $1.9 billion in federal funds alongside $3.35 billion in cost-share funding, spread across 31 projects in 26 states under the SPARK initiative.

Rivian Secures $6.6 Billion Federal Loan for Georgia EV Factory

Rivian wins a conditional $6.6 billion Department of Energy loan to restart construction on its paused Georgia factory. The plant is now expected to open in 2028 and eventually employ 7,500 workers.

Federal Government Distributes $3 Billion to 25 Battery Startups

The Department of Energy allocates $3 billion to 25 battery technology startups across 14 states to strengthen domestic manufacturing and reduce reliance on China.

startup funding

Startups Secure $3.5 Billion in October With Focus on Batteries and AI

In October 2022, investors direct $3.5 billion toward 113 startups, highlighting major financial support for battery technology and AI hardware. Government grants and private funding specifically target domestic material processing, grid-scale storage, and advanced memory compute architectures.

IBM and White House Launch Supercomputing Coalition Against Coronavirus

IBM partners with the White House and Department of Energy to provide researchers with massive supercomputing power to accelerate coronavirus vaccine and treatment discovery.