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New U S green bank aims to steer over $160B in capital into climate tech

The EPA awarded $20 billion in grants to kickstart loans and equity investing in climate technologies across the country.

EPA Awards $20 Billion in Green Bank Grants for Clean Energy Projects Nationwide

EPA Awards $20 Billion in Green Bank Grants for Clean Energy Projects Nationwide
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EPA awards $20 billion in green bank grants for clean energy projects nationwide

The Environmental Protection Agency on Thursday awarded $20 billion in federal "green bank" grants to eight community development banks and nonprofit organizations to use on projects combating climate change in disadvantaged communities and helping Americans save money and reduce their carbon footprints. The money could fund tens of thousands of eligible projects ranging from residential heat pumps and other energy-efficient home improvements to larger-scale projects such as electric vehicle charging stations and community cooling centers, according to senior administration officials. Vice President Kamala Harris, EPA Administrator Michael Regan and other officials planned to announce the grant selections during a visit to Charlotte, North Carolina on Thursday.

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