---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000002501.md"
description: "[The Biden administration plans to provide financial support to two green technology companies before the handover] According to Jinshi Data on January 16, the Biden administration is preparing to finalize billions of dollars in financial support for electric vehicle manufacturer Rivian and hydrogen fuel cell system manufacturer Plug Power before the Trump administration takes office next week, according to people familiar with the matter. The funds are expected to be announced by the Department of Energy as early as Thursday, including nearly $1.7 billion in loan guarantees for Plug to build a hydrogen energy plant. In addition, the Department of Energy also plans to issue a federal loan to Rivian to finance its construction of a manufacturing plant in Georgia. Although the specific loan amount is unclear, one of the people familiar with the matter said the loan amount is close to the $6.6 billion conditional loan promised by the Biden administration in November."
datetime: "2025-01-16T03:44:43.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000002501.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000002501.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000002501.md)
author: "[PumpLord_69](https://longbridge.com/en/profiles/16656216.md)"
generator: "portal-rs"
---

# [The Biden administration plans to provide financi…


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**