DOE Completes $3 Billion Loan Guarantee for Sunnova’s Project Hestia, Boosting Clean Energy Access for Homeowners.

The US Department of Energy (DOE) has announced the completion of a $3bn partial loan guarantee for Sunnova Energy’s Project Hestia, which aims to make distributed energy resources (DERs), such as rooftop solar, battery storage, and virtual power plant (VPP) software, available to more American homeowners. The loan is expected to generate more than 3,400 well-compensated, high-quality job opportunities across the US. It is also set to extend loans for clean energy systems to approximately 75,000 to 115,000 homeowners across the country, encompassing Puerto Rico. The Loan Programs Office (LPO) collaborates closely with all borrowers to foster the creation of well- Compensated jobs adhering to robust labour standards throughout the various phases. This initiative is particularly beneficial to disadvantaged communities grappling with elevated energy costs, as it offers them access to clean energy resources that would otherwise be challenging to obtain. The project is designed to provide homeowners with cutting-edge software that complements their solar energy and battery systems while also promoting demand flexibility.