Renewable Energy Aggregators to submit application for federal loan

The U.S. Department of Energy (DOE) Loan Programs Office (LPO) recently invited Pittston-based Renewable Energy Aggregators (REA), a developer of renewable energy for electric vehicle (EV) charging infrastructure, to apply for a Renewable Energy and Efficient Energy loan guarantee for the American Hydropower Highway project.

The invitation is for a Part II application. In its Part I application, REA demonstrated that its Pumped Storage Hydroelectric Plant uses innovative technology and avoids or reduces greenhouse gas emissions.

REA now will present final documentation for the first mile of America’s Hydropower Highway. The company’s $2 billion Susquehanna Microgrid in Scranton will provide renewable energy for EV charging complexes at Interstate Highway System rest stops throughout the Northeast.

“We are very excited and grateful to the DOE Loan Programs Office for inviting REA to submit a Part II loan application,” Adam Rousselle, REA CEO, said. “The DOE offers innovative and transformational American companies like ours the opportunity to lead America’s energy transition by building long duration renewable energy infrastructure that will power EV cars, light-medium duty trucks, and Class 8 heavy duty trucks for decades to come. This initiative reflects REA’s goal of becoming an industry leader in renewable energy generation and storage.”