12 States to Benefit from $23 Billion in US Federal Energy Loans
Biden Administration Rolls Out $22.92 Billion Loan Commitment to Modernize Energy Grid The Biden administration has made a significant announcement, committing $22.92 billion in utility loan guarantees to upgrade the U.S. energy grid and accelerate clean energy advancements. This ambitious initiative, led by the Department of Energy’s (DOE) Loan Programs Office (LPO), seeks to modernize critical infrastructure, expand renewable energy, and support emerging clean technologies such as hydrogen. Notable among the efforts is a substantial $1.7 billion loan guarantee for Plug Power to construct hydrogen production facilities, reinforcing the nation’s transition towards cleaner energy sources.
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