The Biden administration is in the final stages of securing significant financing for electric vehicle maker Rivian Automotive Inc. and hydrogen manufacturer Plug Power Inc. The Energy Department is expected to announce a $1.7 billion loan guarantee for Plug to construct hydrogen plants in Latham, New York, crucial for the company's future growth. Additionally, a federal loan for Rivian's manufacturing plant in Georgia is anticipated, with the loan amount likely to be close to the $6.6 billion commitment made by the Biden administration in November. The funding comes as the Energy Department's loan program, greatly expanded during Biden's term, faces potential threats from the incoming Trump administration. There are concerns that the Loan Programs Office may be restructured to focus on financing fossil fuels and other energy sources preferred by Republicans. Vivek Ramaswamy, set to play a prominent role in the Department of Government Efficiency under Trump, has expressed intentions to scrutinize and potentially reverse several last-minute Energy Department loans, including the significant offer extended to Rivian. The move highlights the contrasting approaches to energy policy and green initiatives between the outgoing and incoming administrations.