Energy on CrossGov

US Government Takes Equity Stakes in Critical Minerals Companies: How Washington's Approach Compares With China and the EU

Sun, 11 Oct 2026 00:00:00 +0000

In July 2025 the Pentagon became a major shareholder in the company that runs America’s only operating rare earth mine. The Defense Department bought $400 million of MP Materials preferred stock at $30.03 a share, with warrants, added a $150 million loan, and promised two things a market investor never would: a ten-year price floor of $110 per kilogram for the company’s neodymium-praseodymium oxide, and a ten-year commitment to buy all the output of a new magnet plant.

DOE Genesis Mission Picks 278 AI Science Projects as Data Center Deals Advance on Federal Land

Fri, 09 Oct 2026 00:00:00 +0000

The Department of Energy runs seventeen national laboratories and some of the fastest computers in the world. Since November 2025 it has also been running the federal government’s main bet on AI for science.

Executive Order 14363, signed on 24 November 2025, launched the Genesis Mission. It told the Energy Secretary to list at least twenty national science and technology challenges within 60 days, to find computing resources and data within 90 to 120 days, and to show an initial working version of a shared AI platform on at least one challenge within 270 days, which fell in late August 2026.

DOE's Office of Energy Dominance Financing Shifts Federal Energy Loans to Nuclear, Gas and the Grid

Tue, 06 Oct 2026 00:00:00 +0000

On 5 October 2026 the Department of Energy offered Vistra a conditional loan of up to $4.2 billion to boost output at three nuclear plants, Beaver Valley in Pennsylvania and Davis-Besse and Perry in Ohio. The deal adds 433 megawatts and keeps about 4 gigawatts running for another twenty years. A month earlier DOE closed a $1.9 billion loan to NextEra to restart the Duane Arnold nuclear plant in Iowa.

DOE Emergency Orders Keep Coal Plants Open as a Court Rules Against the Campbell Order and FERC Delays Data Center Rules

Mon, 05 Oct 2026 00:00:00 +0000

J.H. Campbell is a 1,560-megawatt coal plant on Lake Michigan. Its owner, Consumers Energy, planned to close it in May 2025. On 23 May 2025, days before the date, the Department of Energy ordered it to keep running. It has been running on rolling 90-day orders ever since.

On 11 September 2026 the D.C. Circuit ruled 3 to 0 that DOE exceeded its authority in issuing that order. It’s the first appeals court ruling on DOE’s new use of emergency power over the grid, and it lands while DOE has a stack of similar orders in force.