In addition to promoting renewable energy, the program also promotes new and innovative renewable-energy technologies.
The DOE Loan Guarantee Program
Section 1705 allowed guarantees to be issued on clean energy development projects that were not necessarily innovative.
Project Categories
The DOE promotes projects in the following categories: 1. Manufacturing projects that will reduce manufacturing or product costs or projects that will improve product performance. 3. Large-scale integration projects combining eligible renewable energy, energy efficiency, and transmission technologies.
The US Department of Energy Loan Guarantee Program has strict eligibility requirements. An eligible project must:
The loan guarantee program is limited to 80% of the total project cost.
US Department of Energy – Loan Guarantee Program
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