US DoE offers $23B in loan guarantees to modernize grid and expand clean energy under 2022 Act.

The U.S. Department of Energy has offered nearly $23 billion in loan guarantees to utility companies to modernize the power grid, expand clean energy, and improve reliability under the 2022 Inflation Reduction Act. This funding supports projects across 12 states, impacting over 14.7 million customers, and includes upgrades to transmission lines and investments in renewable energy and battery storage. The loans aim to reduce air pollution and greenhouse gas emissions.

2 months ago
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