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The U.S. Dept. of Energy (DOE) has continued to announce billions of dollars of loan guarantees to energy companies in the final days of the Biden administration, including for upgrades […]
The post Plug Power Gets $ 1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel appeared first on POWER Magazine.
The Biden administration has finalized a $ 15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of […]
The post Biden’s DOE Finalizes $ 15 Billion Loan Guarantee to California’s PG&E appeared first on POWER Magazine.
Marking the first-ever revival of a nuclear power plant in the U.S., the Department of Energy (DOE) on Sept. 30 finalized a $ 1.52 billion loan guarantee to Holtec International to […]
The post DOE Finalizes $ 1.52B Palisades Loan for First-Ever U.S. Nuclear Plant Recommissioning appeared first on POWER Magazine.
The Department of Energy’s (DOE’s) first official loan guarantee for a new clean energy technology project since 2014 will go to the Advanced Clean Energy Storage 1 project in Utah—one of the world’s largest renewable hydrogen energy projects.
The DOE on June 8 announced it closed on the $ 504.4 million loan guarantee for the first phase of the Advanced Clean Energy Storage project. The massive undertaking by ACES Delta, a joint venture comprising Magnum Development, Mitsubishi Power, and Haddington Ventures, seeks to create a new pathway for decarbonization of the Western U.S. grid. The agency offered the project a conditional loan guarantee commitment in April, contingent on several factors, including securing permits and financing for the $ 1 billion project.
The ACES Delta project envisions producing up to 100 metric tonnes per day of hydrogen from water and renewable energy sources using a 220-MW alkaline electrolyzer bank manufactured by Norwegian firm HydrogenPro—one of the largest deployments of its type to date.…
Energy Secretary Rick Perry on March 22 said his department will guarantee up to $ 3.7 billion in additional loans to finance continued construction of two new nuclear reactors at the Vogtle plant in Georgia. While Perry and other government officials stressed the importance of the project to the U.S. nuclear industry, critics called it a case of “throwing good money after bad.”
“The Vogtle project is critically important to supporting the [Trump] administration’s direction to revitalize and expand the U.S. nuclear industry,” said Perry on Friday in a ceremony at the Vogtle site near Waynesboro, Georgia. “A strong nuclear industry supports a reliable and resilient grid, and strengthens our energy and national security. As I’ve witnessed firsthand today, Vogtle is also an energy infrastructure project with a massive scope employing thousands of workers. This project is rebuilding a highly skilled U.S. nuclear workforce and supply chain for the future.”
Perry called the project “the real New Green Deal,” a mocking reference to a Democratic legislative effort on Capitol Hill designed to combat climate change.…