July 4, 2014

Energy Department Makes Additional $4 Billion in Loan Guarantees Available for Innovative Renewable Energy and Efficient Energy Projects

 The National Energy Technology Laboratory's chemical looping reactor.
This promising approach to capturing carbon dioxide will be among the technologies explored
as part of the the Loan Program Office's advanced fossil energy solicitation.
| Photo courtesy of the National Energy Technology Laboratory. (click to expand)

In support of the President’s Climate Action Plan, the Department of Energy issued a loan guarantee solicitation today, making as much as $4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects located in the U.S. that 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.