The Department of Energy on Thursday announced a $1.05 billion loan guarantee to the electric vehicle charging firm EVgo, while The Washington Post reported that Constellation Energy is seeking a $1.6 billion loan guarantee to restart a Three Mile Island nuclear unit and sell the electricity to Microsoft.
Those developments come soon after DOE finalized a $1.52 billion loan guarantee to Holtec to restart the Palisades nuclear plant in Michigan.
In a statement Tuesday, DOE Loan Programs Office Director Jigar Shah said the EVgo loan would support 7,500 fast charging stalls from California to New York and create roughly a thousand jobs.
“The Biden-Harris administration and DOE are building towards a future where EVs are affordable and accessible in every part of the country,” he said.
