Two businesses receive funds for renewable energy investment
The U.S. Department of Agriculture’s Rural Energy for America Program awarded a total of roughly $1.7 million to two local companies for investment into energy efficiency.
Monster Auto Corp., which does business as AutoSpot Guam, and TeleGuam Holdings, LLC, which does business as GTA were approved for funding from the REAP grant which resulted in awards of $1 million and $795,000 respectively.
Rows of photovoltaic panels at the Mangilao Solar Power Plant. Monster Auto Corp. and TeleGuam Holdings both intend to invest their funds into solar energy. Photo by Skyler Obispo.
According to a statement made by Guam’s Congressional delegate, James Moylan, both companies intend to use the funds by purchasing and installing solar energy systems.
Alongside the awarding of the funds, both companies require a borrower contribution. mbj
The Guam Visitors Bureau has committed $2 million to a comprehensive response plan designed to mitigate the impact of surging jet fuel prices, which have tripled fuel surcharges and led to a 20% reduction in airline seat capacity.
The Department of Public Health and Social Services confirmed two new laboratory-confirmed cases of Pertussis, bringing the total number of confirmed cases for 2026 to 13.
The Government of Guam and the Guam Economic Development Authority unveiled a $1.3 billion bond pipeline for the next five years during the InvestGuam Symposium 2026 in New York City.
Lockheed Martin Corp. of Moorestown, New Jersey, was awarded May 7 a “sole-source, hybrid, cost-plus-fixed-fee, and cost-plus-incentive-fee contract modification under the Aegis Ballistic Missile Defense Weapon Systems contract.”
