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Energy grants slashed

By Kathryn Krawczyk

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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.

CLEAN ENERGY

  • The U.S. Energy Department will cancel 321 awards worth $7.56 billion, all in states that voted for Kamala Harris in 2024. (Axios)

  • The cancellations include funding for two West Coast hydrogen hubs. (E&E News)

POLITICS

  • The Interior Department says it will continue permitting fossil fuel projects during the government shutdown under President Trump’s ​“energy emergency.” (E&E News)

  • The shutdown could slow or even permanently halt federal programs funding energy efficiency upgrades, utility assistance, and clean energy development. (Utility Dive)

  • Democratic Reps. Sean Casten of Illinois and Mike Levin of California prepare to release sweeping energy legislation that would restore clean energy incentives, curb the Energy Department’s ability to keep fossil fuel plants from retiring, and roll back other Trump administration policies. (Utility Dive)

  • FERC will end 53 regulations it deemed ​“outdated and unnecessary;” the list doesn’t contain any significant measures from the past 25 years. (E&E News, news release)

ELECTRIC VEHICLES

  • Ford, General Motors, and Hyundai report record quarterly EV sales from July through September as consumers took advantage of expiring federal tax credits, while Tesla reported a quarterly sales increase for the first time this year. (CNBC, The Verge)

  • Hyundai lowers the price of its Ionic 5 by as much as $9,800 as the $7,500 federal EV incentive expires. (news release)

  • Tesla is meanwhile increasing its lease prices now that federal discounts are gone. (Axios)

  • A longtime researcher of vehicle-to-grid technology says the concept remains compelling and cost-effective, but a lack of uniform standards is holding it back. (Inside Climate News)

GRID

  • Utility customers in seven PJM states will cover $4.4 billion in transmission costs needed to bring data centers online, according to a Union of Concerned Scientists report. (Utility Dive)

  • Former Energy Secretary Rick Perry’s data center infrastructure company Fermi raises $682.5 million in its IPO. (Reuters)

UTILITIES

  • BlackRock’s Global Infrastructure Partners is in talks to buy Virginia-based AES for $38 billion. (Reuters)

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