Deep-sea discussions

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.

ELECTRIC VEHICLES

• Ford announces its next ​“Model T moment,” involving plans to invest $2 billion into building more affordable EVs at its Kentucky assembly plant and to roll out a $30,000 electric pickup truck by 2027. (CNBC)

• The Trump administration releases updated guidance for the $5 billion National Electric Vehicle Infrastructure program it has frozen for months, criticizing the slow rollout of EV chargers and promising to ​“respect Congress’ will” and streamline further development. (news release)

OFFSHORE WIND

• Ørsted says it will need to raise $9 billion from investors due to the Trump administration’s anti-wind policies, and will no longer sell its stake in the Sunrise Wind project off New York, sending its shares tumbling. (The Guardian, CNBC)

CLEAN ENERGY

• First Solar says it stands to benefit from the One Big Beautiful Bill’s crackdown on Chinese solar imports. (Financial Times)

• Some states are ramping up clean energy deployment to take advantage of expiring federal tax credits, but should also focus on ways to make projects more economical without federal incentives, one advocate says. (Heatmap)

UTILITIES

• U.S. power demand is growing again after years of stagnancy, potentially creating a ​“golden age of utilities” — if they can respond quickly enough. (Latitude Media)

MINERALS

• High supplies of lithium worldwide lead Chinese battery company CATL to suspend lithium mining, sending commodity and stock prices up. (Axios)

• Experts say Americans will need to ramp up aluminum recycling if the country wants to break its reliance on imports that are now facing a 50% import tax. (Wall Street Journal)