Today’s headlines: Siemens Energy’s big U.S. investment, EV funding in flux, and more

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.

TRANSPORTATION

• The Senate is considering a House-passed funding bill that would cut $900 million for electric transportation, including $500 million for the National Electric Vehicle Infrastructure program. (Inside Climate News)

• The National Highway Traffic Safety Administration will propose rolling back Biden-era mileage standards for heavy-duty pickup trucks and vans. (The Hill)

• Emissions-detecting satellites reveal California’s pivot to EVs noticeably curbed health-harming nitrogen dioxide emissions between 2019 and 2023. (Grist)

MANUFACTURING

• Germany’s Siemens Energy announces a $1 billion investment in its U.S. manufacturing of gas turbines and power grid equipment, a plan that includes the expansion of four plants, restart of another, and construction of still another factory. (E&E News)

CLEAN ENERGY

• Rural electric co-ops say they’ve been assured a $9.7 billion program established under the Inflation Reduction Act to help them install clean energy is moving forward, but so far none of the funding has been allocated. (E&E News)

• Some U.S. renters and homeowners are secretly installing plug-in solar panels, also known as balcony solar, without utility permission. (Los Angeles Times)

• China’s top electricity industry group says the country’s solar generating capacity is set to exceed that of coal for the first time this year. (Bloomberg)

OFFSHORE WIND

• Ørsted will sell its European onshore renewables business to private equity group Copenhagen Infrastructure Partners for $1.7 billion to shore up its finances after a wave of attacks on its U.S. offshore wind projects. (Reuters)

MINERALS

• President Donald Trump announces the U.S. will build a $12 billion stockpile of rare earth elements and other critical minerals to counter reliance on China, using a $10 billion loan from the U.S. Export-Import Bank and nearly $2 billion in private funds. (The Hill)

• The House will consider legislation this week that would accelerate mining on federal land, in alliance with Trump’s orders aimed at boosting mineral production. (E&E News)

FINANCE

• Trump’s nominee to lead the Federal Reserve has previously criticized the bank’s work to assess climate change’s financial risks. (Inside Climate News)