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Pineapple Energy Inc. reacts to the EPA's announcement of $7 billion Solar for All awards, highlighting the importance of expanding solar accessibility to underserved communities. The EPA's grants aim to benefit over 900,000 households nationwide, with selectees including NYSERDA and HGIA.
Pineapple Energy Inc. reagisce all'annuncio dell'EPA riguardante i premi Solar for All da 7 miliardi di dollari, sottolineando l'importanza di estendere l'accessibilità all'energia solare alle comunità meno servite. I finanziamenti dell'EPA mirano a beneficiare oltre 900.000 famiglie in tutto il paese, con enti selezionati come NYSERDA e HGIA.
Pineapple Energy Inc. responde al anuncio de la EPA sobre los premios Solar for All de 7 mil millones de dólares, destacando la importancia de expandir la accesibilidad solar a las comunidades desatendidas. Los subsidios de la EPA buscan beneficiar a más de 900.000 hogares en todo el país, incluyendo a seleccionados como NYSERDA y HGIA.
파인애플 에너지 인크가 EPA의 70억 달러 규모의 '솔라 포 올' 상 수여 발표에 대응하며 소외된 커뮤니티에 태양광 접근성 확대의 중요성을 강조했습니다. EPA의 지원금은 전국적으로 90만 가구 이상에 혜택을 목표로 하며, 선정된 기관으로는 NYSERDA와 HGIA가 있습니다.
Pineapple Energy Inc. réagit à l'annonce de l'EPA concernant les récompenses Solar for All de 7 milliards de dollars, soulignant l'importance d'élargir l'accès au solaire pour les communautés mal desservies. Les subventions de l'EPA visent à bénéficier à plus de 900 000 ménages à travers le pays, avec des sélectionnés tels que NYSERDA et HGIA.
Pineapple Energy Inc. reagiert auf die Ankündigung der EPA über die Vergabe der Solar for All-Preise in Höhe von 7 Milliarden Dollar, indem sie die Bedeutung der Erweiterung der Solarzugänglichkeit für unterversorgte Gemeinschaften hervorhebt. Die Zuschüsse der EPA zielen darauf ab, über 900.000 Haushalte landesweit zu unterstützen, mit ausgewählten Empfängern wie NYSERDA und HGIA.
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MINNETONKA, Minn., April 25, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (“Pineapple”), a leading provider of sustainable solar energy and backup power to households and small business, today commented on the announcement of $7 billion in awards through the Environmental Protection Agency’s Solar for All program.
“Demand for clean, resilient rooftop solar paired with battery storage remains strong, but unfortunately this energy choice has not always been accessible for all households. These Solar for All awards will play an important role in expanding solar accessibility, so that underserved and disinvested communities have access to the benefits of solar and storage.” said Kyle Udseth, CEO of Pineapple Energy.
On April 22, 2024, the EPA announced 60 selectees that will receive $7 billion in awards through the Solar for All grant competition, funded through the Inflation Reduction Act. The EPA estimates that this will enable over 900,000 households in low-income and disadvantaged communities nationwide to benefit from distributed solar energy.
Among the 60 awardees are the New York State Energy Research and Development Agency (NYSERDA) and Hawai’i Green Infrastructure Authority (HGIA). NYSERDA was granted $249,800,000 to enhance the state’s existing portfolio of solar deployments, technical assistance, and workforce development programs. The Agency will also use the money to drive new programs to target barriers to solar deployment for residents that live in disadvantaged communities and low-income households. HGIA was granted $62,450,000 for program funds to finance residential rooftop, solar, storage systems and residential-serving, community-owned solar systems for low-income and disadvantaged communities statewide.
About Pineapple Energy Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power) provide homeowners and small businesses with an end-to-end product offering spanning solar, battery storage, and grid services.
Forward Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future financial performance, future growth or growth opportunities, future opportunities, future flexibility to pursue acquisitions, future cash flows and future earnings. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements here due to changes in economic, business, competitive or regulatory factors, and other risks and uncertainties, including those set forth in the Company’s filings with the Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this press release. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.
Eric Ingvaldson Chief Financial Officer +1 (952) 996-1674 Eric.Ingvaldson@pineappleenergy.com
FAQ
What did Pineapple Energy comment on regarding the EPA's announcement?
Pineapple Energy commented on the importance of expanding solar accessibility to underserved communities through the Solar for All awards.
How much money was announced in awards by the EPA through the Solar for All program?
The EPA announced $7 billion in awards through the Solar for All program.
Which organizations were among the 60 selectees for the Solar for All grants?
The New York State Energy Research and Development Agency (NYSERDA) and Hawai’i Green Infrastructure Authority (HGIA) were among the 60 selectees for the Solar for All grants.
How many households are estimated to benefit from the distributed solar energy grants?
The EPA estimates that over 900,000 households in low-income and disadvantaged communities nationwide will benefit from the distributed solar energy grants.
What is the grant amount received by NYSERDA for enhancing solar deployments?
NYSERDA was granted $249,800,000 for enhancing solar deployments, technical assistance, and workforce development programs.
What is the grant amount received by HGIA for financing solar systems for low-income communities?
HGIA was granted $62,450,000 for financing residential rooftop, solar, storage systems and community-owned solar systems for low-income communities.
