Dec 16, 2024
U.S. Finalizes $9.63 Billion Loan for Ford, SK On Joint Battery Venture
The U.S. Energy Department has finalized a $9.63 billion loan to Ford Motor and South Korean battery maker SK On for their joint venture, BlueOval SK, to construct three new battery manufacturing plants in Tennessee and Kentucky.
The U.S. Energy Department has finalized a $9.63 billion loan to Ford Motor and South Korean battery maker SK On for their joint venture, BlueOval SK, to construct three new battery manufacturing plants in Tennessee and Kentucky. This government loan, the largest from the Advanced Technology Vehicles Manufacturing program, surpasses the $9.2 billion conditional commitment announced in June 2023. The joint venture aims to produce over 120 gigawatt hours of U.S. battery production annually, with plans to begin production at the first Kentucky plant in 2025 and the Tennessee plant later that year. Read more.
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Sep 8, 2025
Musk Corrects Energy Department After It Calls Wind and Solar "Worthless" Without Batteries
The U.S. Department of Energy tweeted that wind and solar infrastructure is "essentially worthless when it is dark outside, and the wind is not blowing," prompting Elon Musk to respond with "Um… hello?" and remind them that battery storage systems exist.
Aug 11, 2025
Airline industry struggles to scale sustainable aviation fuel as flagship refinery shuts down and most projects stall.
A Reuters investigation reveals that only a fraction of the 165 sustainable aviation fuel (SAF) projects announced over the past decade have materialized, with World Energy’s flagship SAF refinery in California closing, underscoring systemic challenges that leave airlines far from meeting climate targets.