Biden-Harris Administration Powers Up America’s Future: $99.6 Million Investment in Clean Energy and Biofuels
Jo-Carolyn Goode | 8/16/2024, 11:02 a.m.
In a powerful stride towards a greener and more sustainable future, the Biden-Harris Administration marked the second anniversary of the Inflation Reduction Act with a monumental announcement. U.S. Department of Agriculture (USDA) Secretary Tom Vilsack revealed a groundbreaking $99.6 million investment in 160 clean energy and biofuel projects across 26 states. This initiative, a cornerstone of President Biden’s Investing in America agenda, is set to transform the energy landscape, create new market opportunities, and fuel the nation's economic growth from the middle out and bottom up.
In a world where energy security and climate change are at the forefront of global concerns, this announcement couldn't be more timely. The USDA's commitment to expanding access to clean energy systems and boosting the availability of homegrown biofuels is not just an environmental victory; it's a win for American farmers, ranchers, and agricultural producers who stand to benefit from new market opportunities and job creation.
"This investment is about more than just dollars and cents; it's about creating a legacy," said Secretary Vilsack during his visit to Minnesota. "By expanding access to biofuels and clean energy, we are paving the way for a future where American energy independence is a reality, where climate change is actively combated, and where rural communities are thriving with new, good-paying jobs."
A Closer Look at the Impact
The USDA’s investment includes $99.6 million through the Higher Blends Infrastructure Incentive Program (HBIIP) and the Rural Energy for America Program (REAP), funded by the Inflation Reduction Act—the nation’s largest-ever investment in combating the climate crisis. These funds will be channeled into projects that not only reduce costs at the pump but also increase American energy security by expanding the availability of domestic biofuels.
To date, the USDA has poured more than $600 million into over 4,500 clean energy projects through REAP, and over $180 million into 200 projects aimed at increasing the availability of biofuels across the country. This massive injection of funds is set to revolutionize the way Americans power their homes, businesses, and vehicles, all while reducing greenhouse gas emissions.
Minnesota Leading the Charge
Minnesota stands as a beacon of progress in this nationwide effort. During his visit, Secretary Vilsack highlighted key projects in the state, including The Corner Store in Inver Grove Heights, which received a $518,250 HBIIP grant to expand its renewable fuel infrastructure. This project alone is expected to boost ethanol sales by over 500,000 gallons per year—a significant contribution to the state’s clean energy goals.
Additionally, 71 projects across Minnesota have been awarded $9.2 million in REAP grants. These projects, ranging from installing solar arrays to upgrading energy-efficient equipment, are expected to generate substantial savings for small businesses and farmers while reducing their carbon footprint.
A Nationwide Movement
The impact of this investment extends far beyond Minnesota. From Georgia to Nevada, projects funded by the USDA are set to install and upgrade infrastructure, spur economic growth in rural communities, and increase the availability of biofuels. For example, CSX Transportation Inc. in Georgia will use a $1.9 million grant to install a biodiesel storage tank, increasing biofuel availability by 1 million gallons per year.
These projects are not just about numbers—they represent a nationwide movement towards a more sustainable and resilient energy future. As part of the Biden-Harris Administration’s Justice40 Initiative, which ensures that 40% of the benefits of federal climate investments flow to disadvantaged communities, these efforts also underscore a commitment to equity and environmental justice.
The Path Forward
As the USDA continues to accept HBIIP applications until September 30, 2024, the call to action is clear: America is on the brink of an energy revolution, and this is just the beginning. With investments like these, the Biden-Harris Administration is not only delivering on its promise to fight climate change but also building a stronger, more resilient economy that benefits all Americans.
For more information on how these investments are transforming rural America and to learn about ongoing USDA initiatives, visit https://www.rd.usda.gov/