News Release

Biden-Harris Administration Invests in Domestic Biofuels and Clean Energy as Part of President Biden’s Investing in America Agenda

Funding from President Biden’s Inflation Reduction Act Will Lower Costs at the Pump and Increase American Energy Security Across the Nation

ST. PAUL, Minn., Aug. 16, 2024 – Today, on the second anniversary of President Biden’s Inflation Reduction Act, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack announced that USDA is funding 160 projects in 26 states to expand access to clean energy systems and increase the availability of domestic biofuels that will create new market opportunities and jobs for U.S. farmers, ranchers and agricultural producers. The projects will increase American energy security and advance President Biden’s Investing in America agenda to grow the nation’s economy from the middle out and bottom up.

USDA is providing $99.6 million through the Higher Blends Infrastructure Incentive Program (HBIIP) and the Rural Energy for America Program (REAP) with funding from President Biden’s Inflation Reduction Act, the nation’s largest-ever investment in combatting the climate crisis. To date, USDA has invested more than $600 million from the Inflation Reduction Act for more than 4,500 clean energy projects through REAP, and more than $180 million in more than 200 projects that increase availability of domestic biofuels across the country.

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