Biden Administration to Offer $11 Billion in Grants and Loans for Rural Clean Energy Projects

The Biden administration has announced that rural electric cooperatives, utilities, and other energy providers will soon be able to apply for almost $11 billion in grants and loans for clean energy projects. The funds are part of the $430 billion Inflation Reduction Act signed into law last August. The Department of Agriculture (USDA) has said that rural electric cooperatives will be eligible to apply for $9.7 billion in grants for deploying renewable energy, zero-emission, and carbon capture systems from July 31. Renewable energy developers and electric service providers will also be eligible to apply for another $1 billion in partially forgivable loans from June 30. The investment is expected to bring good-paying jobs to rural communities and help rural electric cooperatives reach parity with private utility companies who have already begun significant investment in clean energy.

Biden

Original Link

Comments

All Comments

Recommended for you

CointimeSG ·

Texas judge tosses out SEC's expanded 'broker' rule, which broke with 90 years of legal tradition to rope in crypto traders

A Texas court has order the U.S. Securities and Exchange Commission to throw out a controversial rule that broadly redefined the term “dealer” in a move that impacted both crypto-focused and traditional finance firms.
CointimeSG ·

Trump Media hints at crypto trading, payments in TruthFi trademark filing

The new trademark filing from Trump Media and Technology Group mentions digital wallets, cryptocurrency payment processing services, and a digital asset trading platform.
CointimeSG ·

Exness wins “Best Retail FX Broker” at Finance Magnates London Summit 2024

Exness’ participation at FMLS:24 highlights its commitment to advancing the B2B space.
CointimeSG ·

Sui Network is back up after facing 'major outage' for nearly two hours

Sui Network was down for nearly two hours due to “a bug in transaction scheduling logic.” A fix was issued, and the network is now back up.
CointimeSG ·

Building the future of RWA tokenization: X Spaces recap with MANTRA

RWA space faces challenges beyond regulation. High-quality assets and tangible value creation are critical, according to MANTRA Chain.
CointimeSG ·

Chill Guy Meme Coin Soars to $500M Market Cap on TikTok Fame

Despite its success, Chill Guy faces legal issues. Its creator reportedly plans to take action against unauthorized commercial use of the character.
XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).
Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).
Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.
The country's first digital RMB-based intellectual property securitization product was successfully issued

"Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.