USDA Unveils $375M Funding for Rural Clean Energy Efforts

Published on June 27, 2024

The Biden administration announced a $375 million allocation of funds to renewable energy initiatives on June 26. Tom Vilsack, the secretary of agriculture, announced the initiative through a press release on the U.S. Department of Agriculture website, stating that the majority of the cash would come from the Inflation Reduction Act. The Powering Affordable Clean Energy (PACE) program, which is dedicated to renewable electrification in rural regions, will receive $275 million of the cash. The funds will go to projects in Nebraska, Alaska, Arizona, and Kentucky to be used for battery energy storage systems in Fairbanks, Alaska, and the Soldotna Substation in Alaska’s Kenai Peninsula, both of which will receive $100 million each....

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