Loan Guarantee Program | The Green Economy Post: Green Careers, Green Business, Sustainability

Stimulus Bill Funds Still Not Reaching Cleantech

By Tracey de Morsella on July 26, 2010 2 Comments (ARRA), American Reinvestment and Recovery Act, Ardour Capital Investments, cleantech, Department of Energy, DOE, energy efficiency, Energy Efficiency Conservation Block Grants, environmental studies, loan guarantee program, Nuclear waste cleanup projects, nuclear waste projects, Renewable electricity project developers, renewable energy, Robert Lahey, Solyndra, State Energy programs, stimulus, Treasury Department grant program, Weatherization Assistance

The stimulus has had an underwhelming impact on the cleantech sector. Very little of the $36.7b of The American Reinvestment and Recovery Act (ARRA) allocated $36.7b to the Department of Energy (DOE) has gone to cleantech. Nuclear waste cleanup projects and state governments have received most of the money to date. Cleantech funding has been negatively impacted by delays at the state level and states reallocateing funds to address shortfalls in state budgets.

U.S. To Establish Clean Energy Investment Agency

By Tracey de Morsella on May 11, 2009 Comments Off on U.S. To Establish Clean Energy Investment Agency 21st Century Energy Technology Deployment Act, affordable energy, CEDA, Clean Energy Deployment Administration, Clean Energy Investment Fund, Clean Energy Technologies, clean energy-backed bonds, climate security, credit enhancements, Department of Energy, deployment, DOE, Energy Secretary ch, energy security, energy technologies, equity financing, Investments, Jeff Bingaman, Lisa Murkowski, loan guarantee program, loan guarantees, loans, secondary market support, sustainable energy, technology deployment

Last week, Chairman Jeff Bingaman (D-NM) and Ranking Member Lisa Murkowski (R-AK) introduced the “21st Century Energy Technology Deployment Act.” This bipartisan bill, S. 949, is co-sponsored by Sens. Dorgan (D-ND), Voinovich (R-OH), Stabenow (D-MI), Lugar (R-IN), Shaheen (D-NH) and Burr (R-NC). The legislation seeks to improve the loan guarantee program at the Department of Energy (DOE) and to provide additional options for deploying energy technologies. The basis of the bill is to shore up the existing program at DOE, then transition to a new financially-focused agency to perform and expand upon the duties of the program.