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PG&E will get $15 billion loan from the Energy Department to upgrade California’s grid.
It’s the latest example of the Biden team approving massive loans for clean energy, battery, and electric vehicle projects as the clock winds down on the president’s time in office. The PG&E loan is the biggest to-date and will go toward investments in “hydroelectric power generation, batteries and power lines,” according to the New York Times.
PG&E Secures $15 Billion Loan From U.S. Energy Department
[The New York Times]
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