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National Green Bank Receives EPA Funding, Plans to Partner with Clean Energy Fund of Texas

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Today Vice President Kamala Harris and U.S. Environmental Protection Agency Administrator Michael Regan will join other leaders to announce the recipients of $20 billion in Clean Communities Investment Accelerator and National Clean Investment Fund grants.

The grants include $5 billion for our partners at the Coalition for Green Capital, whose mission includes helping capitalize green banks like ours in every state.

The announcement is part of the Greenhouse Gas Reduction Fund, which Congress created as part of the Inflation Reduction Act of 2022. Taken together, these funding initiatives represent the country’s largest ever investment in combating climate change and driving the creation of green jobs.

“We applaud the EPA and the Biden Administration for making this historic investment in green financial catalysts that will drive clean energy and create jobs where they are most needed,” said Billy Briscoe, Executive Vice President and Chief Operating Officer of the Clean Energy Fund of Texas. “We congratulate all the grant recipients and look forward to working with them in Texas. We are proud to partner with the Coalition for Green Capital and look forward to working with them to deploy this capital to low and moderate-income communities.”

As the Coalition for Green Capital works to allocate funding across its partners, we will work closely with them to maximize impact.

Today’s announcement is separate from the Solar For All program, which is expected to roll out later this spring and provide $7 billion in solar energy funding. The Clean Energy Fund of Texas is also part of an important Solar For All proposal.