Absolute Energy, L.L.C. received a $500,000 Project Grant award dated September 11, 2025, from the U.S. Department of Agriculture's Rural Business Cooperative Services under the Rural Energy for America Program (REAP, CFDA 10.868). The grant funds energy efficiency improvements at the company's facilities in Iowa, with a project completion date of September 11, 2027. This award represents the maximum allowable grant amount under REAP's energy efficiency improvements track, which caps assistance at $250,000 in direct grant funding with potential combined grant and loan support not exceeding 75 percent of total eligible project costs.
The Rural Energy for America Program provides financial assistance to agricultural producers and rural small businesses to implement energy efficiency upgrades and deploy renewable energy systems. Under this award, Absolute Energy will undertake facility-level energy efficiency improvements designed to reduce energy consumption and operating costs. The grant is provided on a reimbursement basis, with the project expected to achieve completion within the standard two-year performance period. This award reflects the program's recent expansion, with award volume increasing to 4,833 grants in 2024, and demonstrates the Department of Agriculture's continued investment in rural renewable energy and efficiency initiatives.