Energy Dept Opens $4B Loan Program for Renewable Energy Projects; Ernest Moniz Comments

1 min read

Ernest Moniz
Ernest Moniz

The Energy Department has launched a $4 billion loan guarantee solicitation for renewable energy projects in the U.S. in an effort to further the government’s push to reduce greenhouse gases.

The department is seeking to fund projects on grid integration and storage, drop-in biofuels, waste-to-energy, facilities enhancement and efficiency improvements, DOE said Thursday.

“As the president emphasized in his Climate Action Plan, it is critical that we take an all-of-the above approach to energy in order to cut carbon pollution, help address the effects of climate change and protect our children’s future,” said Secretary Ernest Moniz.

Submissions from a recent public comment round were incorporated into the solicitation.

DOE’s loan programs office has started accepting applications from the commercial sector, as well as for an $8 billion fossil energy projects solicitation and a $16 billion technology vehicle manufacturing loan program.

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