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.

Among the eight funding recipients are: —Coalition for Green Capital, a nonprofit working with a nationwide network of state, local, and nonprofit green banks, received $5 billion. —Power Forward Communities, a nonprofit coalition formed by five housing, climate, and community investment groups, received $2 billion. —Appalachian Community Capital, a nonprofit community development financial institution working with lenders in Appalachia, received $500 million.

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EPA Awards $20 Billion in Grants for Clean Energy ProjectsThe U.S. Environmental Protection Agency is providing $20 billion in grants for clean energy initiatives to address climate change, such as residential heat pumps, electric vehicle charging stations, and community cooling centers. The funding is sourced from two programs within the newly established 'green bank' under the Biden administration's significant climate legislation enacted in 2022.
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Biden administration awards $20 billion for clean energy investment in low-income communitiesBiden administration awards $20 billion for clean energy investment in low-income communities
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