The Department of Energy seeks input from developers, suppliers, investors, and inventors on a $10 billion loan guarantee program for new technologies including hydrokinetic projects.
DOE’s Office of Energy Efficiency and Renewable Energy issued a notice April 11, setting May 2 as the closing date for comments. The request for information is to help draft solicitations for energy efficiency, renewable energy, and electric transmission projects under Title XVII of the Energy Policy Act of 2005.
Hydrokinetic technologies, such as ocean wave, tidal, and in-stream technologies, could be eligible for the loan guarantee program. DOE previously indicated conventional hydropower technology, if already commercially deployed in the U.S., is ineligible. (HNN 11/13/07)
Solicitations are to encourage commercial development of ï¿½new or significantly improvedï¿½ renewable energy, energy efficiency, and related transmission technologies. Projects are to avoid, reduce, or sequester air pollutants and greenhouse gases. To qualify for a loan guarantee, DOE said a technology must have been successfully demonstrated both at the pilot and demonstration scale and be ready for commercialization.
DOE said technologies could include renewable energy and energy efficient technologies, including ocean wave, tidal, solar, wind, geothermal, and biomass technology development. Technologies also could include advanced transmission and distribution technologies, hydrogen and fuel cell technologies, energy efficient building technologies and applications, and battery development.
ï¿½We intend to move forward quickly and deliberately to issue solicitations, conduct a thorough financial and technical review, and support these truly innovative technologies that hold great promise for our nation’s energy security,ï¿½ David Franz, director of DOE’s Loan Guarantee Office, said.
The request for information is on DOE’s Energy Efficiency and Renewable Energy Internet site, www1.eere.energy.gov/financing/solicitations_detail.html?sol_id=157.