Sentences with phrase «technology loan guarantee program»
Increase and make permanent the Innovative Technology Loan Guarantee Program for opening, expanding or modernizing facilities to manufacture offshore wind turbine components, and extend this program to turbine installation vessel manufacturing.
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Some of the proposals «highlights» include: (1) fully eliminating the Office of Energy Efficiency and Renewable Energy, slashing the $ 3.2 billion budget, and eliminating proposed advanced nuclear energy technology programs from the Office of Nuclear Energy; (2) eliminating the Innovative Technology Loan Guarantee Program; (3) cutting $ 1.59 billion from the Office of Science, including the elimination of two of the four Energy Innovation Hubs, elimination of the 46 Energy Frontier Research Centers (EFRCs), elimination of the Workforce Development for Teachers and Scientists Program, and a broad range of other cuts to basic energy sciences; (4) eliminating the power marketing administrations; and (5) cutting the administration's FY2012 budget request for ARPA - E from $ 650 million to $ 300 million.
Those programs include the Innovative Technology Loan Guarantee Program, which was formed under the George W. Bush administration to support clean energy projects that can't obtain conventional private loans because of the high risks involved.
Not exact matches
They voted for cuts in Energy Department programs that guaranteed loans for production of clean cars and the use of solar energy technology.
The White House would eliminate the Advanced Research Projects Agency - Energy (ARPA - E), as well as loan guarantee programs, greenhouse gas reducing technologies and advanced vehicle programs.
The model produces different jobs and growth projections for a business - as - usual scenario with no technology breakthroughs or major new policies, and then generates different outcomes by factoring in new policies such as a national clean energy standards such as proposed by President Obama; increases in corporate average fuel economy standards; tougher environmental controls on coal - fired power generators; extended investment and production tax credits for clean energy sources and an expanded federal energy loan guarantee program.
He pointed to the agency's program on technology loan guarantees, which has in the past proved too short - staffed to monitor the loans it makes.
The Heritage Foundation and other conservative groups, on the other hand, have called for gutting the program, and a GOP - controlled House Science, Space and Technology panel has teed up a hearing next week dubbed «Risky Business: The DOE Loan Guarantee Program.program, and a GOP - controlled House Science, Space and Technology panel has teed up a hearing next week dubbed «Risky Business: The DOE Loan Guarantee Program.Program.»
Through awards of loan guarantees, DOE is trying to shore up U.S. companies with today's technology at the same time that it targets R&D funds from the stimulus program toward «game changing» technology breakthroughs for the future.
«As governments around the world push the commercial development of renewable energy and carbon - reducing technologies, the DOE loan guarantee program is critical to keeping U.S. manufacturing competitive and thriving,» said Frank van Mierlo.
Other programs that provide economic support for coal include federal and state tax breaks, the Rural Utilities Service loan guarantee program, research on new combustion technologies by the Department of Energy, and the Department of the Interior's coal leasing program.
The Renewable Energy System and Energy Efficiency Improvement Guaranteed Loan and Grant Program provides financial assistance to agricultural producers and rural small businesses to purchase, install, and construct renewable energy systems; make energy efficiency improvements; use renewable technologies that reduce energy consumption; and participate in energy audits, renewable energy development assistance, and feasibility studies.
Rhone Resch, president and chief executive of the Solar Energy Industries Association, said that while the loan guarantee program helped finance emerging technologies that were «higher - risk projects by definition,» the grant program aided «extremely low - risk projects where you're using off - the - shelf technology.»
Fixing the problems of the current DOE loan guarantee program and ensuring that we have an effective financing authority for a broad range of clean energy technologies, including renewables, nuclear, energy efficiency, and carbon capture and storage, needs to be one of our highest priorities.
With respect to financing assistance for energy projects, I think there are at least three top priorities for early attention in this Congress: reforming the current loan guarantee program for clean energy projects, providing financing support for advanced energy manufacturing in this country, and providing reasonable stability and predictability in the tax provisions that apply to clean energy projects and technologies.
The report calls for a tripling of energy research and development funding and replacing current federal loan guarantees with programs aimed at helping private companies get low - carbon technologies to market faster.