[SMM PV News] DOE Cuts $83.6 Billion in Renewable Loans, Rebrands as "Office of Energy Dominance"

Published: Jan 26, 2026 10:31

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The U.S. Department of Energy has announced a major policy pivot by renaming its Loan Programs Office to the Office of Energy Dominance Financing (EDF) and restructuring or eliminating $83.6 billion in financing to favor baseload power over renewable energy. Citing a need to correct "rushed" spending by the previous administration, the department has already de-obligated nearly $30 billion and cut $9.5 billion in wind and solar subsidies to redirect funds toward nuclear, gas, and coal projects, including the restart of Three Mile Island. Secretary Chris Wright emphasized that the new authority will prioritize consistent power generation sources while explicitly excluding intermittent renewables and battery storage from its six funded sectors.

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