Apel Steel Corporation
CX(s) Applied: B5.16
Offices(s): Golden Field Office
The AlabamaSAVES Program (the "Program") was initiated with funding from a U.S. Department of Energy (DOE) American Recovery and Reinvestment Act (ARRA) grant. The Program established a Revolving Loan Fund with DOE ARRA funding. The fund is now managed under Alabama's Annual SEP grant, DE-EE0004122. Alabama is proposing to provide a $1,434,358.68 "buy0down" loan to the Apel Steel Corporation (Apel Steel) to partially fund the purchase and installation of a 340 kilowatt solar photovoltaic system with 200 Absorbent Glass Mat batteries serving Apel Steel in Cullman, Alabama.