The US Department of Energy has announced a $ 2bn loan guarantee programme for energy schemes on Alaskan and Alaskan Native lands. The Tribal Energy Loan Guarantee Program will offer the state's guarantee for about 6.5% of energy scheme loans, including solar and storage but also fossil fuels and mining. Tribal lands account for up to 90% of the US landmass and have 5.8% of the nation's renewable energy potential, but lack of access to finance has held up development to date. US -based That means a tribe seeking financing would apply to an eligible lender, which in turn would apply to DOE for the partial guarantee. solar-plus-storage group CellCube Energy Storage is among the companies showing early interest in the new scheme.
The US Department of Energy has announced a $ 2bn loan guarantee programme for energy schemes on Alaskan and Alaskan Native lands. The Tribal Energy Loan Guarantee Program will offer the state's guarantee for about 6.5% of energy scheme loans, including solar and storage but also fossil fuels and mining. Tribal lands account for up to 90% of the US landmass and have 5.8% of the nation's renewable energy potential, but lack of access to finance has held up development to date. US -based solar-plus-storage group CellCube Energy Storage is among the companies showing early interest in the new scheme.