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DOE Closes $5.1B Loan for 2.6GW Power Expansion

By Drooid · Oct 28, 2026 · How we work

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U.S. Department of Energy closed a $5.1 billion loan to Alliant Energy for power expansion in Iowa and Wisconsin.
The loan will fund more than 2.6 gigawatts of new or upgraded generation capacity.
That capacity can supply electricity to roughly 1.8 million homes.
The projects are expected to create hundreds of construction-related jobs.
Loan office director Gregory Beard said the new power will strengthen national energy security and lower electricity costs.

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U.S. Department of Energy closed a $5.1 billion loan to Alliant Energy for power expansion in Iowa and Wisconsin.
The loan will fund more than 2.6 gigawatts of new or upgraded generation capacity.
That capacity can supply electricity to roughly 1.8 million homes.
The projects are expected to create hundreds of construction-related jobs.
Loan office director Gregory Beard said the new power will strengthen national energy security and lower electricity costs.