Federal Loan Guarantees for Innovative Energy Technologies Grants

What is the aim of the Federal Loan Guarantees for Innovative Energy Technologies Grants?

To encourage, through the use of Federal loan guarantees, early commercial use in the United States of new or significantly improved technologies in energy projects that; 1) avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued. (42 U.S.C. 16513(a)). Also, under section 1705, guarantees can be made for rapid deployment of certain renewable and electric transmission projects. For ATVM (Sec 136 of EISA2007, issue loans to automobile and part manufacturers for cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for engineering integration costs.

Who is Eligible to Apply for the Federal Loan Guarantees for Innovative Energy Technologies Grants?

To encourage, through the use of Federal loan guarantees, early commercial use in the United States of new or significantly improved technologies in energy projects that; 1) avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and (2) employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued. (42 U.S.C. 16513(a)). Also, under section 1705, guarantees can be made for rapid deployment of certain renewable and electric transmission projects. For ATVM (Sec 136 of EISA2007, issue loans to automobile and part manufacturers for cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for engineering integration costs.

How to Apply for the Federal Loan Guarantees for Innovative Energy Technologies Grants?

Any corporation, company, partnership, association, society, trust, joint venture, joint stock company, or governmental nonfederal entity, that has the authority to enter into, and is seeking, a loan guarantee for a loan or other debt obligation of an Eligible Project. For ATVM loans, automobile manufacturers and parts suppliers are potentail recipients. See the www.atvmloan.energy.gov website for details.

How much is the Range and Average of Federal Loan Guarantees for Innovative Energy Technologies Grants?

The value of the loan or guarantee will be determined on a project by project basis.

Where to Apply for the Federal Loan Guarantees for Innovative Energy Technologies Grants?

Headquarters Office
Michael B. Fraser, 1000 Independence Ave, SW LP-10, Washington, District of Columbia 20585
Phone: (202) 586-1910
Email: michael.fraser@hq.doe.gov
Web Site Address: http://www.lgprogram.energy.gov

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