advanced fossil energy News
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President Obama Announces LPO Support for Distributed Energy Projects, New Guidance Includes Fuel Cells
In August at the National Clean Energy Summit in Nevada, President Obama announced that the Loan Programs Office (LPO) has issued guidance for potential applicants on the kinds of distributed energy projects it can support, in the form of supplements to its existing Renewable Energy and Efficient Energy Projects (REEE) and Advanced Fossil Energy Projects solicitations. In addition, the President ...
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Department of Energy Releases $8 Billion Solicitation for Advanced Fossil Energy Projects
As part of President Obama’s Climate Action Plan, the Energy Department published a solicitation on December 12, making up to $8 billion in loan guarantee authority available to support innovative advanced fossil energy projects that avoid, reduce, or sequester greenhouse gases. Authorized by Title XVII of the Energy Policy Act of 2005, loan guarantees under this new solicitation will help ...
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Energy Department releases draft advanced fossil energy solicitation to support reductions in greenhouse gas pollution
As part of President Obama’s Climate Action Plan, the U.S. Department of Energy announced today a draft loan guarantee solicitation for innovative and advanced fossil energy projects and facilities that substantially reduce greenhouse gas and other air pollution. The Advanced Fossil Energy Projects solicitation, authorized by Title XVII of the Energy Policy Act of 2005 through Section 1703 ...
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Statement by Energy Secretary Ernest Moniz on new EPA Carbon Pollution Standards
"Today, the Environmental Protection Agency has taken a significant step in implementing President Obama’s Climate Action Plan by releasing its draft rule addressing future power plants. The power sector is a vital part of the solution to addressing climate change, one of the critical global issues of our time; this sector currently contributes about 40% of U.S. greenhouse gas emissions. ...
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Loan Guarantee Recipient Awarded Power Plant of the Year
In February, I travelled with Secretary Moniz to southern California for the dedication of the Ivanpah Solar Electric Generating System, a concentrating solar power (CSP) plant that received a $1.9 billion loan guarantee from the Department’s Loan Programs Office (LPO). Witnessing thousands of mirrors focusing the power of the sun on 479-foot towers to generate clean electricity is an ...
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US to launch $4bn green bank loans
The US Department of Energy (DOE) will channel US$4 billion in loans to renewable energy companies in a bid to rejuvenate a key government backed programme. The Obama administration has submitted a draft plan that would provide loan guarantees for innovative clean technology projects that reduce greenhouse gas (GHG) emissions. Once the solicitation is finalised, the Department’s Loan ...
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U.S. Department of Energy Loan Programs Update
Carbon Capture, Utilization, and Storage (CCUS) U.S. Department of Energy Loan Programs Office (LPO) Senior Investment Officer Khalid Abedin spoke at the opening event for the U.S. Energy Association’s CCUS Road Show on January 28, 2020, in Washington, DC. LPO staff will be participating at future events in New Orleans (March 17) and Houston (April 21). LPO will also be presenting at the ...
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Funds Awarded to Historically Black Colleges and Universities for Fossil Energy Research
The U.S. Department of Energy (DOE) has selected four research projects that will provide educational and research training opportunities for minority students while advancing key technical areas in fossil fuel utilization. The annual funding opportunity titled Support of Advanced Fossil Resource Utilization Research by Historically Black Colleges and Universities and Other Minority Institutions ...
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DOE Issues Draft Renewable Energy and Efficient Energy Projects Solicitation to Foster Clean Energy Innovation
In support of the Administration’s all of the above energy strategy, the Department of Energy issued a draft loan guarantee solicitation on Wednesday for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases. When finalized, the solicitation is expected to make as much as $4 billion in loan guarantees available to ...
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Department of Energy Issues Draft Loan Guarantee Solicitation for Advanced Nuclear Energy Projects
The Department of Energy has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects, supporting the Administration’s all-of-the-above energy strategy and bringing the nation closer to its low-carbon future. Once finalized, these loan guarantees will provide critical financing to help commercialize advanced nuclear energy ...
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Department of Energy Issues Final $12.5 Billion Advanced Nuclear Energy Loan Guarantee Solicitation
Today, the Department of Energy issued the Advanced Nuclear Energy Projects loan guarantee solicitation, which provides as much as $12.5 billion to support innovative nuclear energy projects as a part of the Administration’s all-of-the-above energy strategy. With the issuance of this solicitation today, the Department’s Loan Programs Office (LPO) now has open solicitations in four ...
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Energy Department Makes Additional $4 Billion in Loan Guarantees Available for Innovative Renewable Energy and Efficient Energy Projects
In support of the President’s Climate Action Plan, the Department of Energy issued a loan guarantee solicitation today, making as much as $4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects located in the U.S. that avoid, reduce, or sequester greenhouse gases. This solicitation represents the next step in the Department’s commitment ...
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Energy Secretary Moniz`s Remarks at the opening ceremony for the Ivanpah Solar Energy Generating System -- as prepared for delivery
Tomorrow, Secretary of Energy Ernest Moniz will travel to Ivanpah Dry Lake, California, to dedicate the world’s largest concentrating solar power plant. Secretary Moniz will deliver the keynote address at the dedication event. Below are excerpts of the Secretary’s remarks as prepared for delivery: “Three weeks ago, President Obama delivered the State of the Union address and ...
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Energy Department Invests $44M in Advanced Carbon Capture Technologies Projects
The U.S. Department of Energy's (DOE) Office of Fossil Energy has selected seven projects to receive approximately $44 million in federal funding for cost-shared research and development through the funding opportunity announcement, Design and Testing of Advanced Carbon Capture Technologies. These projects will advance competitive operation of our nation's fossil-based power-generation ...
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B&W Closes $700 Million Credit Facility; Extends Maturity to 2017
The Babcock & Wilcox Company (NYSE: BWC) (“B&W”) today announced that it has completed the amendment and restatement of its existing $700 million senior secured credit facility. B&W currently has no borrowings outstanding and approximately $218.5 million of letters of credit outstanding under the amended and restated facility. The entire unused ...
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National Lab Day: How the National Labs Keep Moving America Forward
Do you love science? The Department of Energy does. In fact, the Department is the single largest funder of basic research in the physical sciences in the nation. This research spans the Energy Department’s 17 National Labs. The National Labs are a national treasure. They perform groundbreaking scientific research -- from game-changing advancements in solar energy to supercomputer ...
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NETL innovations recognized with R&D 100 Awards
Two technologies advanced by the Office of Fossil Energy's National Energy Technology Laboratory (NETL) in collaboration with strategic partners have been recognized by R&D Magazine as among the 100 most technologically significant products introduced into the commercial marketplace within the past year. This year’s awards recognize NETL’s partner, MDS Coating Technologies ...
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U.S. Department of Energy to Invest $30 Million to Boost Unconventional Oil and Natural Gas Recovery
The U.S. Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy’s (FE’s) Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity, ...
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Hybrid Energy Systems: Opportunities for Coordinated Research
The U.S. Department of Energy has released a new report, Hybrid Energy Systems: Opportunities for Coordinated Research, highlighting innovative opportunities to spur joint research on hybrid energy systems. These opportunities could drive the production of valuable fuels, chemicals, and products, provide greater cost savings, increase grid flexibility, and enhance environmental performance across ...
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Factsheet: An Initiative to Help Modernize Natural Gas Transmission and Distribution Infrastructure
Today, the White House and the Department of Energy are hosting a Capstone Methane Stakeholder Roundtable. In addition, DOE is announcing a series of actions, partnerships, and stakeholder commitments to help modernize the nation’s natural gas transmission and distribution systems and reduce methane emissions. The Capstone event is the culmination of four previous in-depth Roundtables at ...
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