$4 Billion for Clean Energy Innovation

THE U.S. Department of Energy issued a loan guarantee solicitation, making as much as $4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects.

The projects have to be located in the U.S. and avoid, reduce, or sequester greenhouse gases. This solicitation represents the next step in the Department’s commitment to support the deployment of innovative, clean energy technologies at commercial scale in the U.S.

“As the President emphasized in his Climate Action Plan, it is critical that we take an all-of-the above approach to energy in order to cut carbon pollution, help address the effects of climate change and protect our children’s future,” said U.S. Energy Secretary Ernest Moniz. “Investments in clean, low-carbon energy also provide an economic opportunity. Through previous loan guarantees and other investments, the Department is already helping launch or jumpstart entire industries in the U.S., from utility-scale wind and solar to nuclear and lower-carbon fossil energy. Today’s announcement will help build on and accelerate that success.”

The Renewable Energy and Efficient Energy Projects Loan Guarantee Solicitation is intended to support technologies that are catalytic, replicable, and market-ready.

While any project that meets the appropriate requirements is eligible to apply, the Department has identified key technology areas of interest including energy efficiency improvements.

Picture of U.S. Energy Secretary Ernest Moniz from the US Department of Energy.

Tuesday 8th July 2014


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