DOE cancels $4.9B loan for Grain Belt Express energy project, citing financial conditions.

The U.S. Department of Energy has cancelled a $4.9 billion loan guarantee for the Grain Belt Express, a high-voltage transmission line project aimed at delivering renewable energy from the Midwest to the eastern U.S. The project, developed by Invenergy, faced opposition from Republicans who criticized it as a threat to property rights. The DOE stated that the project did not meet the financial conditions for a loan guarantee and that federal involvement was not critical. This decision follows President Trump's stance against renewable energy, potentially delaying or halting the project's progress.