Federal Loan Guarantees for Innovative Energy Technologies

Objective

For Title XVII Loan Guarantee program under Section 1703 of the Energy Policy Act of 2005, as amended, to promote, through the use of Federal loan guarantees, commercial use in the United States of America or new or significantly improved technologies in energy projects that; (1) Avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and (2) Employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued. (42 U.S.C. 16513(a)). For the Advanced Technology Vehicles Manufacturing program under Sec 136 of EISA2007 issue loans to vehicle and part manufacturers for cost of re-equipping, expanding, or establishing manufacturing facilities in the United States to produce advanced technology vehicles or qualified components, and for engineering integration costs. The Tribal Energy Loan Guarantee Program (TELGP) is a direct and loan guarantee program that can guarantee up to $20 billion in loans to support economic opportunities to tribes through energy development projects and activities. Under this solicitation, DOE can guarantee up to 90 percent of the unpaid principal and interest due on any loan made to a federally recognized Indian tribe or Alaska Native Corporation for energy development or provide direct loans financed by the U.S. Treasury Federal Financing Bank. The tribal borrower will be required to invest equity in the project and all project debt will be provided by non-federal lenders. TELGP is authorized pursuant to Title XXVI of the Energy Policy Act of 1992, as amended, (25 USC Section 3502(c)).

Who Can Apply

• Government - General
• State (includes District of Columbia, public institutions of higher education and hospitals)
• Local (includes State-designated lndian Tribes, excludes institutions of higher education and hospitals
• Public nonprofit institution/organization (includes institutions of higher education and hospitals)
• Non-Government - General
• Profit organization

For innovative clean energy projects: including advanced fossil energy, nuclear energy, renewable energy, and energy efficiency. Eligible projects must utilize a new or significantly improved technology, avoid, reduce or sequester greenhouse gases, be located in the United States, and have a reasonable prospect of repayment. Further information may be found at http://www.energy.gov/lpo/innovative-clean-energy-projects-title-xvii-loan-program For ATVM loans, automotive or component manufacturers for reequipping, expanding, or establishing manufacturing facilities in the United States that produce fuel – efficient advanced technology vehicles or qualifying components, or for engineering integration performed in the U.S. for ATVMs or qualifying components. Further information may be found at http://www.energy.gov/lpo/advanced-technology-vehicles-manufacturing-atvm-loan-program For Title XVII there is no legal restriction regarding eligible applicants. An applicant can be a corporation, company, partnership, association, society, trust, joint venture, joint stock company, or governmental nonfederal entity, that has the authority to enter into, and is seeking, a loan guarantee for a loan or other debt obligation of an Eligible Project. Loan guarantees under TELGP are available to eligible Indian tribes or entities, including Alaska Native village or regional or village corporations, or other financial institutions or tribes meeting certain criteria established by DOE, that are able to demonstrate being eligible for the special programs and services provided by the United States to Indians because of their status as Indians, or their wholly-owned entities with appropriate legal authority. Glossary of Terms http://www.energy.gov/lpo/about-us/glossary-terms

Who Benefits

• Small business
• Profit organization
• Quasi-public nonprofit organization
• Interstate
• Intrastate
• State
• Local
• Public nonprofit institution/organization

Small businesses, profit organizations, quasi-public nonprofits, public institutions and interstate, intrastate, State and local governments will benefit from the loan guarantee program. For ATVM, DOE has promulgated regulations defining the eligibility requirements for automobile manufacturers. For more information, please visit: http://www.energy.gov/lpo/loan-programs-office

Assistance Types

• Guaranteed/Insured Loans
• Direct Loans

Program Contact

patricia.breed@hq.doe.gov
202-586-2510