Sun Report

US Government Has Big Bucks To Help Jumpstart Renewable Energy Innovation

The government hopes to encourage innovative renewable energy and energy efficient projects with $4 billion in loan guarantees targeted at grid integration, energy storage, bioenergy and efficiency.

In an effort to seek out and give financial help to innovative technologies that reduce energy use and encourage the uptake of renewable energy, the U.S. government last week announced that it was making $4 billion available in loan guarantees. The money, which is provided by the Loan Program Office (LPO), is for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases.

The LPO said that the solicitation is intended to support technologies that are catalytic, replicable, and market-ready and that it is looking to support specific technologies, even though any project that meets the criteria is welcome to apply.  The five key technologies that the LPO seeks are:

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