Court affirms green bank rollback

This roundup of U.S. energy news headlines is part of our Canary Media Daily newsletter. Sign up to get it in your inbox each morning.

COURTS

• A federal court finds the Trump administration can cancel all grants under the $20 billion federal green bank program created by the Inflation Reduction Act, a decision that is likely to be appealed. (E&E News)

WIND

• A federal court filing reveals the Trump administration is considering revoking a permit for the SouthCoast Wind project off Massachusetts, a fully permitted project that has already faced construction delays due to federal headwinds. (Reuters)

• Norwegian energy giant and offshore wind developer Equinor pledges $939 million to boost Ørsted as it faces the federal pause of its Revolution Wind project and other U.S. wind market setbacks. (Wall Street Journal)

ELECTRIC VEHICLES

• The Trump administration will prioritize EV charging stations at gas stations and truck stops for funding as it reopens the $5 billion National Electric Vehicle Infrastructure program. (E&E News)

• The head of EV startup Imola Automotive USA announces plans to break ground on a solar-powered factory in Georgia within the next calendar year, but acknowledges the company has been unable to secure land for two more proposed factories in Arkansas and Oklahoma. (Floodlight)

• The Trump administration hasn’t disclosed its plans for $2.3 billion in unspent clean school bus funding, leaving schools to navigate federal uncertainty on top of industry turmoil following the bankruptcy of leading electric bus maker Lion Electric. (Axios)

NUCLEAR

• The Tennessee Valley Authority announces plans for ENTRA1 Energy to develop and own six small nuclear power plants developed by NuScale and totaling 6 GW, though declines to share a timeline. (Utility Dive)

FOSSIL FUELS

• An analysis finds Texas regulators largely rubber-stamp permits that allow oil and gas drillers to emit vast amounts of gas, rejecting just 53 flaring and venting applications out of more than 12,000 between 2021 and 2024. (Texas Tribune/​ProPublica/​Inside Climate News)

• 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 their profits, push down coal production, and increase utility bills. (Inside Climate News)

BATTERIES

• U.S. battery startup Natron Energy, which was pursuing sodium-ion batteries, abruptly closes plants in Michigan and California and shuts down operations after failing to raise enough capital. (MLive)

COAL

• Pueblo County, Colorado, calls on the Trump administration to order Xcel Energy to continue operating the Comanche coal generators beyond their scheduled retirement 2025 and 2031 retirement dates. (Colorado Sun)