Powering Affordable Reliable Technology (PART) Energy Program
Funds partly-forgivable loans for utilities building rural renewable power generation or energy storage projects.
This is not a research grant. It is loan financing, with a substantial forgivable slice, for building the actual power generation and storage hardware that gets renewable electricity onto rural grids.
The money finances power generation projects for Renewable Energy Resource systems, or Energy Storage Systems that support them, under funding appropriated through the Inflation Reduction Act of 202…
Loans, with up to 40% potential forgiveness, to Operating Utilities for building or expanding Renewable Energy Resource generation projects or Energy Storage Systems that support them, funded through the Inflation Reduction Act. This is loan financing for utility-scale power infrastructure, not a research grant.
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