NEWS: The USDA is offering $410M in loans to rural utilities.

These partially forgivable loans are earmarked for hydro, geothermal, and biomass infrastructure, along with energy storage systems, the agency announced. Individual loans will range from $1M to $100M. 

The fresh funds align with President Trump’s efforts to “revive US energy dominance” and reduce ratepayer bills, USDA Administrator Karl Elmshaeuser said in a statement.