Chinese-linked energy firm loses $200 million federal grant just two months after energy secretary praised China's renewable energy investments
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The Department of Energy will no longer award a $200 million grant to an energy firm linked to the Chinese government, Fox News reports.The administration informed congressional staff on May 22, 2023, during an evening call, in which DOE officials said that Texas-based Microvast won't receive the large grant that was originally designated for the company in the 2021 infrastructure package.Microvast, a company that develops lithium-ion battery technology, has been accused by Republicans of having...

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