Sentences with phrase «technology loan guarantees»

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.

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.

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.

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.

Not exact matches

«In general, many of these have long payback periods, so loan guarantees over the life of those projects are quite helpful in getting customers over the hump of taking the risk on new technology,» says Neichin.

The federal government should step up its loans and guarantees to help them attract the private sector investment they need to break out of technology development and into a high - growth stage.

They voted for cuts in Energy Department programs that guaranteed loans for production of clean cars and the use of solar energy technology.

A better bet than Solyndra with CIGS technology may not be cylinders but rather more flexible arrangements, like a solar carpet being developed by Solopower with another DoE loan guarantee or PV shingles, such as those developed by Dow.

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.

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.»

The country would be spending billions in loans, tax incentives and price guarantees to lock in a technology that produces more greenhouse gases than gasoline does.

DOE research grants seek scientific breakthroughs, while loan guarantees underwrite the expansion of solar unit manufacturing with today's technologies.

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.

--(1) The Administration shall not provide direct support as defined under this section or indirect support as defined under section 188 to an individual clean energy technology project that obtained a loan guarantee under title XVII of the Energy Policy Act of 2005.

«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.

The committee also cut $ 1.5 billion in proposed loan guarantees aimed at supporting energy - technology innovation, according to Jeffrey Mervis at Science Insider.

• Makes up to $ 8 billion in loan guarantee authority available for a wide array of advanced fossil energy and efficiency projects to support investments in innovative technologies;

Without loan guarantees, private banks would charge high premiums on debt to compensate them for the technology and scale - up risks inherent in first - of - a-kind project — and these capital costs can ruin project economics.

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.

In the case of nuclear power, the only new commercial energy generation technology to emerge and scale up significantly in the 20th century, government insurance, liability limitation, and loan guarantees have allowed private financiers the certainty and stability to invest in nuclear energy projects, which typically have high up - front capital cost and long life spans.

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.

Supporting a portfolio of innovative technologies through R&D and valleys - of - death investments (like loan guarantees) isn't picking winners and losers; it's ensuring that winners can exist at all.

The debate should be about how best to use loan guarantees or tax incentives or regulations to support competitive, innovative technologies and it's a debate that needs to happen now.

(Sec. 188) Authorizes CEDA's Administrator to provide credit support (direct loans, letters, of credit, loan guarantees, insurance products, and the purchase of debt instruments) to enhance the availability of private financing for clean energy technology deployment.

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.»

• Flexible approaches to motivate achieving CO2 emission limits that may vary by economic sector, and could include, depending on the sector, market - based incentives; governmental loan guarantees; investment tax credits; performance standards; tax reform; incentives for technology research, development and deployment; and other appropriate policy tools.

DOE loan guarantees did not support offshore wind, Mandelstam explained, because they required faster - paced progress than the technology allows.

Only a year ago Obama gave it $ 535 million in low - cost loan guarantees, touting the company «as a prime example of how green technology could deliver jobs,» according to an NBC - affiliate report.

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 major failure has been in efforts to commercialize technologies, with many billions of dollars essentially wasted on loan guarantees, tax credits, and other subsidies that never produced results.

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.

13 13 Obama Administration & Congressional Support for Renewable Energy American Recovery and Reinvestment Act, includes $ 60 billion in clean energy investments: — $ 6 billion available for loan guarantees in renewable energy and electric transmission technologies — $ 11 billion for Smart Grid technology R&D — $ 4.5 billion to green federal government buildings — $ 6.3 billion for state / local renewable energy and energy efficiency efforts Pending Climate and Energy Legislation — American Clean Energy and Security Act — American Clean Energy Leadership Act

The agreement will see the companies develop smart contract technology for initial coin offering investors and blockchain - powered P2P loan guarantees.