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DOE Announces Plans for Future Loan Guarantee Solicitations

April 11, 2008

The U.S. Department of Energy announced plans to issue loan guarantee solicitations this summer for up to $38.5 billion to help accelerate the commercialization of innovative, environmentally friendly energy technologies.

The selection criteria for clean energy projects under these solicitations will focus on the:

  • Avoidance of greenhouse gases and air pollutants
  • Speed at which technologies can be commercialized
  • Cost-saving potential for consumers
  • Prospect of repayment
  • Potential for long-lasting success of these technologies in the marketplace.

Technologies can include renewable energy and energy efficiency technologies, as well as advanced electricity transmission and distribution technologies.

For more information, read the DOE press release.