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EnergyBiden administration offers $8.25 bln in loans for power grid ReutersTimothy Gardner 1 minute read Overhead power lines are seen during record-breaking temperatures in Houston, Texas, U.S., February 17, 2021. REUTERS/Adrees Latif The U.S. Energy Department said on Tuesday it is offering up to $8.25 billion in loans for companies to boost the power grid as part of the Biden administration's goal to set the country on a path to 100% clean energy by 2035. The department is making financing available for projects that improve resilience and expand transmission capacity across the grid, "so ...

WASHINGTON —  In support of the Biden Administration’s commitment to modernize the nation’s power grid and infrastructure and deliver 100 percent clean energy to businesses and homeowners by 2035, the U.S. Department of Energy (DOE) announced Tuesday the availability of up to $8.25 billion in loans from its Loan Programs Office (LPO) and the Western Area Power Administration (WAPA) for efforts to expand and improve the nation’s transmission grid. This is one of several Biden Administration announcements made today underscoring its commitment to accelerating efforts to expand and mode...