TBL Fund Receives Support From Wells Fargo for Its Financing Efforts in Tribal Communities
Rhea-AI Summary
TBL Fund has received a $100,000 grant from the Wells Fargo Foundation to enhance decarbonization and energy efficiency initiatives in Tribal Communities. The funding will support collaboration with the New Mexico Department of Indian Affairs to develop a sustainable energy program, providing clean energy access, energy efficiency, and resiliency technologies to Tribal Nations in New Mexico.
The program aims to reduce carbon footprints and promote energy sovereignty in Tribal communities, with plans to expand to surrounding states. TBL Fund's goals include expanding services to all U.S. states and territories, targeting to serve over 100,000 low-income households annually.
Positive
- Secured $100,000 grant funding from Wells Fargo Foundation
- Partnership with New Mexico Department of Indian Affairs established
- Program scalability potential to expand to surrounding states
Negative
- None.
News Market Reaction
On the day this news was published, WFC declined 1.46%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
NORTHAMPTON, MA / ACCESSWIRE / December 4, 2024 / Wells Fargo
TBL Fund is excited to announce that it was recently awarded a
"Access to clean energy, energy efficiency and resiliency can open avenues for economic advancement and safeguard the opportunity to build generational wealth for all communities as the economy transitions," said Gregory Lopez, senior assistant vice president of sustainability philanthropy at Wells Fargo. "Through philanthropic support for organizations such as TBL Fund, we can help support historically marginalized communities gain access to affordable solutions."
TBL Fund is extremely thankful to Wells Fargo for the opportunity this grant provides. Our funding partners are crucial to our overall organizational goals, such as expanding to all U.S. states and territories and serving over 100,000 low-income households annually.
About TBL Fund
TBL Fund (www.tblfund.org) provides technical assistance and financing to drive energy efficiency and renewable energy (EERE) improvements for households living in multifamily affordable housing (MFAH) and disadvantaged communities (DAC). It provides customized solutions to its customers. To support and scale its efforts, TBL Fund collaborates with ICAST (International Center for Appropriate and Sustainable Technology), its project partner (www.icastusa.org).
View additional multimedia and more ESG storytelling from Wells Fargo on 3blmedia.com.
Contact Info:
Spokesperson: Wells Fargo
Website: https://www.3blmedia.com/profiles/wells-fargo
Email: info@3blmedia.com
SOURCE: Wells Fargo
View the original press release on accesswire.com
FAQ
What is the size of the grant TBL Fund received from Wells Fargo (WFC)?
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