Biden Administration To Provide $8.25 Billion In Grid Improvement Loans ...Middle East

As the cost of the energy transition begins to draw growing attention, the Biden Administration has announced it will provide $8.25 billion in loans for companies to upgrade the power grid as part of efforts to adapt the grid to the planned shift to renewables. The Energy Department will finance projects that “improve resilience and expand transmission capacity across the electrical grid, so we can reliably move clean energy from places where it’s produced to places where it’s needed most,” Energy Secretary Jennifer Granholm…

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