Sunnova announces $3 billion u.s. department of energy conditional commitment to expand clean energy access and lay foundation for virtual power plant capabilities

Houston--(business wire)--sunnova energy international, inc. (sunnova) (nyse: nova), a leading energy as a service (eaas) provider, today announced a conditional commitment by the u.s. department of energy (doe) loan programs office (lpo) to provide an up to $3.0 billion partial loan guarantee, which equates to a 90% guarantee of up to $3.3 billion of financing to support loans originated by sunnova under a new solar loan channel named “project hestia.
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