US Finalizes 5.1 Billion Loan for Alliant Energy
The US Department of Energy has finalized a 5.1 billion dollar loan package for Alliant Energy to support natural gas plants and battery storage in Iowa and Wisconsin. The funding aims to boost grid reliability and deliver billions in long-term customer savings.
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The United States Department of Energy closed a $5.1 billion loan package to ALLIANT ENERGY CORP on Wednesday morning to expand power generation across Iowa and Wisconsin. The 30-year financing supports new Natural Gas plants, battery storage systems, and facility upgrades. The project delivers 2.6 gigawatts of new or upgraded capacity, enough power for nearly 1.8 million homes.
