"Energy Secretary Jennifer Granholm said the Biden administration will resume an Energy Department loan program that gave billions in loans to clean-energy companies during the Obama years.

In comments at the CERAWeek energy conference Wednesday, Granholm said the program “as of today, is back in business.”

“Our loan authority, $40 billion worth, has helped some of America’s bravest entrepreneurs get their best ideas off the ground and flourish into what they are today,” Granholm said, citing the program’s roles in the development of technology like photovoltaic solar batteries and Tesla’s development of electric vehicles."

Zack Budryk reports for The Hill March 4, 2021. [2]