Energy Department said Thursday.
This will be the first installment of a $1 billion fund contained in legislation signed by President Joe Biden at the end of 2022 to increase the energy resilience of Puerto Rico's most vulnerable families and communities and help the United States reach its goal of 100% renewable energy by 2050. "Plain and simple, this investment will save lives while providing good-paying local jobs and fueling Puerto Rico's clean energy transition," said
Energy Secretary Jennifer Granholm.
The Department of Energy has begun negotiations with three companies, Generac Power Systems (GNRPS. UL), Sunnova Energy (NOVA. N) and Sunrun (RUN. O), which could receive a total of $400 million. For deploying residential solar and battery systems .