The Department of Energy (DOE) has issued a loan guarantee solicitation, thereby making available nearly $4 billion in loan guarantees for innovative renewable energy and energy efficiency projects in the U.S. that avoid, reduce, or sequester greenhouse gases.
Secretary Ernest Moniz said, "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."
"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."
Main objective of the Renewable Energy and Efficient Energy Projects Loan Guarantee Solicitation is to support technologies that are catalytic, replicable, and market-ready.
The Department has included a sample list illustrative of potential technologies for consideration within the solicitation.
Secretary Ernest Moniz said, "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."
"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."
Main objective of the Renewable Energy and Efficient Energy Projects Loan Guarantee Solicitation is to support technologies that are catalytic, replicable, and market-ready.
The Department has included a sample list illustrative of potential technologies for consideration within the solicitation.