On June 22, The DoE awarded a conditional commitment to provide Project Amp a partial guarantee for a $1.4 billion loan to install approximately 733 MW of solar panels on industrial buildings around the United States. That number – nearly equal to the total amount of photovoltaic panels installed in the United States in 2010 – will generate and provide power directly to the electrical grid, instead of merely powering the buildings where they are installed. The $1.4 billion guarantee will help facilitate about $2.6 billion in private financing. The first installation is a 15.4 MW project on Southern California to be sold to Southern California Edison.