15 April 2008 -- The U.S. Department of Energy (DOE) announced plans to issue loan guarantees in two stages this summer for up to $38.5 billion for projects that use advanced technologies that avoid, reduce or sequester emissions of air pollutants and greenhouse gases. This marks the second and third rounds of the DOE's Loan Guarantee program.
DOE plans to issue its second round of guarantees no later than June 2008 for efficiency, renewable energy and electric transmission projects (up to $10 billion); nuclear power facilities (up to $18.5 billion); and nuclear facilities for the "front-end" of the nuclear fuel cycle, including uranium enrichment (up to $2 billion). Later this summer, DOE intends to issue a third loan guarantee for advanced fossil energy projects (up to $8 billion).
Following funding and authorization for the program in February 2007, DOE has reviewed 143 pre-applications received after it announced the first stage of guarantees in August 2006, inviting sponsors of 16 projects to submit full applications. These 16 projects include six biomass projects, three advanced fossil energy projects, two industrial energy efficiency projects, two solar energy projects, one electricity delivery and energy reliability project, one hydrogen project and one alternative fuel vehicles project.
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