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Wright Announces End of 24 Energy Projects Saving Over $3 Billion on Fox Business

May 30, 2025 · U.S. Department of Energy · 0:09:31

Embedded from the source channel — never re-uploaded. Watch on YouTube

What happened

Energy Secretary Chris Wright joined Maria Bartiromo on Fox Business on May 30, 2025, in an interview the transcript renders in Arabic auto-captions, paraphrased here faithfully with figures as stated, according to the Department of Energy. The segment’s breaking news was Wright’s announcement of ending 24 projects, saving more than $3 billion in taxpayer money, with 70 percent of those projects signed between Election Day and January 20, as stated in the segment.

Wright said nearly $100 billion in taxpayer money was allocated to companies across the country in the 76 days after President Biden lost the election and before President Trump’s inauguration, which he called an extraordinary rush to push money out of the Treasury, as he stated the figure. He contrasted slightly over $40 billion allocated across the Loan Programs Office’s entire prior 15-year history with $90 billion in those 76 days, as he stated the figures.

Wright said electricity prices rose more than 25 percent over the previous four years without increased production, that winning the AI race against China requires more American energy of all forms, and that nuclear power needs regulatory relief and incentives to restart growth after decades of little construction, as he stated it. He discussed an executive order on reactor testing at Idaho National Laboratory, Chevron’s hundred-year presence and maintained assets in Venezuela, and a new Dell- and Nvidia-supplied supercomputer at Lawrence Berkeley National Laboratory named for Nobel laureate Jennifer Doudna, as he stated them.

Why it matters

The announcement is a specific savings claim — 24 projects ended, more than $3 billion saved, against a stated $90 billion in 76 days of loan allocations — that anchors the department’s early efficiency record in checkable numbers, as Wright stated them.

Scoreboard watch

Wright stated that ending 24 projects saves more than $3 billion, as he stated the figure — checkable against subsequent Energy Department project and loan-program disclosures.

Sources: U.S. Department of Energy, “Secretary Wright Joins Fox Business’ Maria Bartiromo - May 30, 2025”, 2025-05-30 (official upload, embedded above; published 2025-05-30). Transcript via Supadata (private research store, paraphrased and attributed, not republished). All figures and characterizations as stated by the speakers.