The U.S. Department of Energy (DOE) published a solicitation on Dec. 12 that makes up to $8 billion in loan guarantee authority available to support “innovative advanced fossil energy projects that avoid, reduce, or sequester greenhouse gases.”
The loan guarantees are authorized by Title XVII of the Energy Policy Act of 2005 and are intended to help provide “critical financing to support new or significantly improved advanced fossil energy projects—such as advanced resource development, carbon capture, low-carbon power systems, and efficiency improvements—that reduce emissions of carbon dioxide, methane, and other greenhouse gas pollution.”
Secretary Moniz commented: “Currently providing 80 percent of our energy, coal and other fossil fuels will continue to be a critical part of our energy portfolio as we move toward a low-carbon future. By helping to accelerate the introduction of innovative, clean fossil energy technologies ready for deployment at commercial-scale today, investments under this solicitation will help ensure we continue to have access to affordable, clean energy from all our domestic energy resources tomorrow.”
The DOE published a draft solicitation on July 9, 2013, which opened a 60-day comment period. As a result of feedback received, the solicitation includes “new provisions intended to facilitate applications, ensure quick review, and foster successful public-private partnerships.”
The DOE is currently accepting applications for these loan guarantees through the Loan Programs Office web portal at apply.loanprograms.energy.gov.
A copy of the solicitation, which includes application deadlines, eligibility requirements, and a fact sheet can be found at lpo.energy.gov.
—Gail Reitenbach, PhD, Editor (@GailReit, @POWERmagazine)