Statement: Utilities Leverage DOE Loans To Build a Resilient Grid and Save Customers Millions

Washington, DC, December 17, 2024 – Today, the Department of Energy (DOE) announced conditional commitments for a loan guarantee for two utilities towards energy infrastructure improvements.

In response, electric sector expert Uday Varadarajan with the non-partisan group RMI released the following statement:

Today’s announcements highlight what smart, efficient investments can do for our nation’s utility customers. We are wasting a ton of money and energy when we fail to reinvest in our infrastructure — and in the communities that keep it running. By supporting projects that invest in workers and communities, these utilities are building a more reliable and resilient electric grid while saving their customers money.

For media inquiries please contact:

Leah Komos, leah.komos@rmi.org

About RMI

RMI, founded in 1982 as Rocky Mountain Institute, is an independent nonprofit that transforms global energy systems through market-driven solutions to align with a 1.5°C future and secure a clean, prosperous, zero-carbon future for all. We work in the world’s most critical geographies and engage businesses, policymakers, communities, and NGOs to identify and scale energy system interventions that will cut greenhouse gas emissions by at least 50 percent by 2030. RMI has offices in Basalt and Boulder, Colorado; New York City; Oakland, California; Washington, D.C.; Nigeria; and Beijing. Find more information at www.rmi.org and follow us on LinkedIn @RMI.