The U.S. Department of Energy (DOE) has approved a $1.05 billion loan guarantee to EVgo, marking a significant investment in expanding America's electric vehicle charging infrastructure. This federal backing will help EVgo enhance its nationwide network of fast-charging stations.

In parallel developments, Constellation Energy is pursuing a $1.6 billion loan guarantee from the DOE to revive operations at a Three Mile Island nuclear unit. According to The Washington Post, the company plans to sell the generated electricity to Microsoft, highlighting growing corporate demand for clean energy sources.

These loan guarantees reflect the DOE's commitment to advancing both sustainable transportation and nuclear power generation, aligning with broader national goals for clean energy transition and reduced carbon emissions.

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