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.

12 States to Benefit from $23 Billion in US Federal Energy Loans

You are not logged in

If you want to read more, join the  ENERGY-HUB club

Login

Try the monthly membership in the ENERGY-HUB club for free!

Related articles

Hydrogen in Your Home? A Sneak Peek at the Residential Energy Technology

The unveiling of Scotland’s first hydrogen homes marks a crucial step forward in the nation’s ambition to achieve net-zero emissio…

Massive battery storage expansion plans in Germany pose challenges for grid operators

The surging interest of potential operators of large-scale battery storage units that seek connections to Germany’s transmission g…

Chile deploys 2.14 GW of solar in 2024

Chile installed 2.14 GW of new solar in 2024, bringing its total installed PV capacity to 10.5 GW by year-end, according to the Na…

State support for energy transition in German homes on the rise – state-owned KfW bank

State support granted for energy efficiency and renewable energy measures in private households increased to 14.4 billion euros in…

Bangladesh proposes import duty, VAT exemptions for solar products

Bangladesh’s government has proposed exempting import duties and value-added tax (VAT) on renewable energy components under its dr…

ENERGY-HUB is a modern independent platformsharing news and analytic articles from the energy sector on a daily basis. Within our portfolio we monitor czech, slovak and foreign press releases.

87510
Number of published news
2092
Number of published events
1160
Number of published articles
ENERGY-HUB uses ČTK news (The Czech News Agency), the content is protected by copyright law.
Transcription, distribution, or other dissemination of the whole or of a part of the content is prohibited without prior consent.
Drtinova 557/10, 150 00 Praha 5, Česká republika