Reported about 20 hours ago
The US Energy Department's Loan Programs Office has conditionally approved $22.92 billion in financing for eight energy utilities across 12 states as part of its Energy Infrastructure Reinvestment program. This initiative, aimed at modernizing energy systems and reducing emissions, will support various projects including clean energy generation, transmission, energy storage, and pipeline investments. These loans provide lower financing costs compared to commercial capital markets, and the latest round of funding comes before President Biden's administration ends.
Source: YAHOO