The Energy Department's Loan Programs Office guaranteed $16.1 billion in loans to 25 Recovery Act projects. Beautiful illustrated posters celebrate how LPO has helped create jobs and provide clean energy to homes and businesses across America.
The more than 330 Recovery Act-funded projects that the Office of Electricity Delivery and Energy Reliability has been managing over the past five years have been successfully completed, with major improvements to the grid now in place across America. Under the American Recovery and Reinvestment Act of 2009, the Energy Department invested more than $31 billion in a wide range of projects nationwide. The DOE investment included $4.5 billion for modernization of the nation’s electric grid. With matching private funding from the electric sector, the investment in grid modernization totaled about $9.5 billion.