Clean-Energy Companies Secure Billions in Loan Guarantees for U.S. Manufacturing Plants
Key Ideas
  • Clean-energy companies Rivian Automotive and Plug Power secure $8.3 billion in loan guarantees from the Energy Department for U.S. manufacturing plants.
  • Rivian's loan will support a manufacturing plant in Social Circle, GA, creating 7,500 new jobs, with construction starting in 2026 and EV production in 2028.
  • Plug Power closes a $1.66 billion loan guarantee to finance hydrogen production plants across the U.S., providing essential support for its green hydrogen growth.
  • Analysts are optimistic about the future prospects of Rivian and Plug Power as their stocks have shown significant gains in recent months, outperforming the market.
Clean-energy companies Rivian Automotive Inc. and Plug Power Inc. have successfully secured $8.3 billion in loan guarantees from the U.S. Department of Energy for the construction of manufacturing plants in the United States. Rivian closed a $6.6 billion loan deal to establish a manufacturing plant near Social Circle, Georgia, aiming to create 7,500 new jobs. Construction is set to commence in 2026, with electric vehicle production scheduled for 2028. On the other hand, Plug Power finalized a $1.66 billion loan guarantee to build multiple hydrogen production plants nationwide. This move is crucial for Plug Power's green hydrogen expansion. Analysts are optimistic about the companies' future, with Rivian's stock soaring 42.7% in the past three months and Plug Power shares rising by 34.3%, outperforming the market. The loan guarantees provide a significant boost to the clean-energy sector and signal confidence in the growth of electric vehicles and hydrogen infrastructure in the U.S.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.