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Loan guarantee


DOE Offers $3B Conditional Loan Guarantee to Virtual Power Plant Initiative

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…


Michigan Governor Urges DOE to Support Palisades Nuclear Plant’s Reopening
Palisades-nuclear-power-plant

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…


Massive Utah Hydrogen Storage Project Garners Finalized $504M DOE Loan Guarantee

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…


ACES Delta's Giant Utah Salt Cavern Hydrogen Storage Project Gets $504M Conditional DOE Loan Guarantee

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…


DOE's First Advanced Fossil Fuel Loan Guarantee Commitment Awarded to Methanol Plant with Carbon Capture

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…