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U.S. Axes $4.9B Grain Belt Express Loan Guarantee

7/23/2025

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Summary

Story summary

The U.S. Department of Energy has scrapped a $4.9 billion loan guarantee for the ambitious Grain Belt Express project, a high-voltage power line spanning four states. Missouri officials celebrated the move, while supporters had touted its potential to generate 5,000 megawatts of energy, create over 4,000 jobs, and save $52 billion in energy costs over 15 years.

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Story summary

The U.S. Department of Energy has scrapped a $4.9 billion loan guarantee for the ambitious Grain Belt Express project, a high-voltage power line spanning four states. Missouri officials celebrated the move, while supporters had touted its potential to generate 5,000 megawatts of energy, create over 4,000 jobs, and save $52 billion in energy costs over 15 years.