Department of Energy

Weekly release of benchmark diesel price shifts to Tuesday morning

The Energy Information Administration will be releasing its weekly average retail diesel price data on Tuesday mornings beginning this week, ending the practice of publishing the benchmark price on late Monday afternoon.

The change was announced on the EIA’s Gasoline and Diesel Fuel Update page. This week will mark the first time the new policy is in effect, so the price that would have been published late on Monday will instead be released around 10 a.m. on Tuesday.

EIA’s Gasoline and Diesel...

https://www.freightwaves.com/news/weekly-release-of-benchmark-diesel-price-shifts-to-tuesday-morning

DOE removes barriers to U.S. LNG bunkering

The U.S. Department of Energy last week announced an order that removes barriers for the use of liquefied natural gas (LNG) as a marine fuel. The order issued by DOE modifies a prior order issued to JAX LNG in December 2024 under the previous administration that had asserted new oversight for the use of LNG to power marine vessels, also known as LNG bunkering.

JAX LNG is a small-scale coastal LNG facility located at Dames Point near Jacksonville, Florida that provides LNG as fuel to ships,...

https://www.marinelog.com/news/u-s-doe-removes-barriers-to-lng-bunkering/

La startup de vehículos eléctricos Canoo se declara en quiebra y cesa sus operaciones

El espacio de los vehículos eléctricos de servicio mediano sigue reduciéndose. Canoo, la startup de vehículos eléctricos de siete años, se acogió al Capítulo 7 de la ley de bancarrota y anunció el cese inmediato de sus operaciones. A presione soltar señaló que el proceso de liquidación está siendo...

https://fullavantenews.com/la-startup-de-vehiculos-electricos-canoo-se-declara-en-quiebra-y-cesa-sus-operaciones/?lang=es

Electric vehicle startup Canoo files for bankruptcy, ceases operations

The medium-duty electric vehicle space continues to get smaller. Seven-year-old electric vehicle startup Canoo has filed Chapter 7 bankruptcy and announced an immediate halt to operations. A press release noted the liquidation process is being overseen by a bankruptcy trustee in the Delaware Bankruptcy Court.

Canoo Inc., once listed on the Nasdaq Composite under the ticker symbol GOEV, was a notable player in the EV market, particularly in the electric cargo segment. Despite its partnerships...

https://www.freightwaves.com/news/electric-vehicle-startup-canoo-files-for-bankruptcy-ceases-operations

Workhorse on the bubble, or is it worse?

Less than three months after my generally upbeat visit to Workhorse Group’s refurbished plant near the Ohio-Indiana border, the electric truck maker’s situation appears dire.

Layoffs and furloughs

Workhorse has laid off 20% of its workforce. Much of the rest is on unpaid furlough and could be called back to work. 

The company is choked with inventory. It has less than $7 million in cash on the books and accounts payable for more than twice that amount. At a projected burn rate less than Q1’s $5.5...

https://www.freightwaves.com/news/workhorse-on-the-bubble-or-is-it-worse

DOE-developed rail car for spent nuclear fuel undergoes final testing

This week saw some developments in the rail car manufacturing space:

Specially designed rail car for spent nuclear fuel could be cleared for use by 2023’s end

The U.S. Department of Energy’s Office of Nuclear Energy says a specially designed, 12-axle rail car that would carry spent nuclear fuel could be ready for operational use by the end of this year.

DOE has been busy conducting final tests of the Atlas rail car, which is designed to transport spent nuclear fuel and high-level radioactive waste...

https://www.freightwaves.com/news/doe-developed-rail-car-for-spent-nuclear-fuel-undergoes-final-testing

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