Loan guarantee

The U.S. Dept. of Energy (DOE) announced it was preparing to make as much as a $1.66 billion loan guarantee to Latham, New York-based Plug Power, with the money earmarked for construction of as many as six clean hydrogen facilities across the U.S. The DOE on May 14 said the funds were part of a […]

Sunnova Energy Corp., an energy-as-a-service (EaaS) provider, has snagged a first-of-its-kind conditional federal loan guarantee commitment of up to $3 billion for a project that could further future virtual power plant (VPP) deployment. The Department of Energy (DOE) Loan Programs Office (LPO) on April 20 said it would provide a partial loan guarantee for up […]

Michigan’s governor has asked the Department of Energy (DOE) to support Holtec International’s efforts to “save” the 800-MW Palisades nuclear power plant, marking a potential turnaround for the facility in Southwest Michigan, which was taken offline for the final time on May 20, 2022, after 50 years of operation. Michigan Gov. Gretchen Whitmer’s in a […]

The Department of Energy’s (DOE’s) first official loan guarantee for a new clean energy technology project since 2014 will go to the Advanced Clean Energy Storage 1 project in Utah—one of the world’s largest renewable hydrogen energy projects.  The DOE on June 8 announced it closed on the $504.4 million loan guarantee for the first […]

The Advanced Clean Energy Storage Project, a much-watched project under development in Delta, Utah, that is shaping up to be the largest renewable hydrogen energy hub in the U.S., has garnered a conditional commitment for a $504.4 million loan guarantee from the Department of Energy’s (DOE’s) federal loan guarantee program. The conditional loan guarantee commitment […]

The Department of Energy’s (DOE’s) first loan guarantee under an $8 billion solicitation for advanced fossil energy projects may go to a methanol production facility in Lake Charles, La., that will employ carbon capture technology for enhanced oil recovery. The DOE said in a statement on December 21 that it offered a conditional commitment to […]

The Department of Energy’s (DOE’s) authority to issue loan guarantees officially received a $1 billion boost, which will be split between its Advanced Fossil Energy Projects solicitation and Renewable Energy and Efficient Energy Projects solicitation.  The agency has finalized the additional loan guarantee authority that President Obama announced in August. It means that more loan […]

An official four-year-long investigation into the Solyndra debacle confirms that the bankrupt maker of cylindrical solar photovoltaic panels misled the Department of Energy (DOE) to get a $535 million federal loan guarantee, but it also reveals that the DOE didn’t properly vet those facts, missing opportunities to catch inaccuracies, possibly due to political pressure. The […]

The last of three conditional commitments offered by the Department of Energy (DOE) to the coalition building two nuclear reactors at Plant Vogtle in Georgia was finalized on June 24, allowing the project to be fully financed.  Since it conditionally offered $8.33 billion in loan guarantees in 2010, the DOE has issued $6.5 billion in guarantees […]


The Department of Energy (DOE) today opened a loan guarantee solicitation to make available as much as $12.5 billion to bolster the construction of new nuclear projects. Issued under Title XVII of the Energy Policy Act of 2005, the Advanced Nuclear Energy Projects Solicitation backs four key technology areas: advanced nuclear reactors, small modular reactors […]