Reported 14 days ago
The U.S. Department of Energy has finalized a $1.6 billion loan guarantee to AEP Transmission for upgrading nearly 5,000 miles of power lines across five Midwest states. The project aims to enhance grid reliability and capacity to meet rising electricity demand from data centers and AI. This initiative, supported by the Trump administration, comes amid the cancellation of $7.6 billion in federal grants for clean energy projects, indicating a shift towards traditional energy sources.
Source: YAHOO