Biden Administration Awards $7.3 Billion to Rural Electric Co-ops for Clean Energy Transition, Powering 5 Million Homes.

The Biden administration has awarded $7.3 billion to 16 rural electric co-ops that are transitioning from fossil fuels to clean energy, a step forward in the clean energy transition. The funding will help them purchase clean power or build it themselves, and is expected to power an estimated 5 million rural households. The move comes after a five-year collaboration between Colorado environmentalists and Tri-State Generation and Transmission, which sought federal funding for the transition from coal to electricity. The funds will be used to purchase clean electricity or build clean power for local co-op projects. A study has found that oil and gas companies have embedded themselves at colleges and universities through donations, sponsored scholarships, and seats on governing boards. The anticipated launch of Hanwha Qcells’ end-to-end solar factory in Georgia is set to revolutionize the U.S. solar supply chain, which has already quadrupled in two years since the passage of a federal climate package, is also expected to significantly enhance the solar supply chains. The Biden administration is planning to use the funds to implement environmental rules as a potential threat to a potential Trump presidency looms.