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U.S. Government to Provide Up to $500M for Coal Power and Export Projects, June 4

2026-06-05 06:49:04

According to Xinhua, on June 4, the U.S. government announced it will provide up to $500 million to support domestic coal-fired power plants in expanding capacity and upgrading infrastructure, as well as constructing new coal export facilities. The Department of Energy said it will allocate the funding under the Defense Production Act to 12 coal-fired power generation projects and one coal seaport export terminal project.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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