July 24, 2014: DOE Offers $4 Billion in Loan Guarantees for Renewable Energy and Efficiency Projects
DOE Has Identified Five Key Technology Areas of Interest
WASHINGTON — The U.S. Department of Energy has issued a loan guarantee solicitation, making as much as $4 billion in loan guarantees available for renewable energy and energy efficiency projects that avoid, reduce, or sequester greenhouse gases.
The Renewable Energy and Efficient Energy Projects Loan Guarantee Solicitation is intended to support technologies that are replicable and market-ready. With the solicitation, DOE has included a sample list of potential technologies for consideration. While any project that meets the requirements is eligible to apply, DOE has identified five key technology areas of interest: advanced grid integration and storage; drop-in biofuels; waste-to-energy; enhancement of existing facilities (focuses on incorporating renewable generation technology into existing renewable energy and efficient energy facilities to enhance performance); and efficiency improvements.