When he announced the creation of the White House Rural Council, President Obama said, “Strong rural communities are key to a stronger America.” Strengthening America’s energy generation and transmission will play an important role in this opportunity for rural communities.
The Department of Energy’s Loan Programs Office (LPO) is announcing two administrative updates to its Section 1703 loan guarantee program. This program was authorized by Title XVII of the Energy Policy Act of 2005 and issues loan guarantees to eligible innovative energy projects.
The Department of Energy announced that it has issued a conditional commitment for a $150 million loan guarantee to the Cape Wind Project, which would be the first offshore wind energy project in the U.S. if constructed off Nantucket Sound. It could supply approximately 75 percent of the electricity needs of Cape Cod and the Islands.
Recent milestones by Nissan and Tesla highlight the growing demand for advanced technology vehicles and with nearly $16 billion in remaining loan authority, the ATVM Loan Program can play an important role in meeting that demand and the President’s average fuel efficiency goal.
America’s love of the pickup truck is what makes us so excited by this week’s announcement that Ford has sold its 500,000th 3.5-liter V6 EcoBoost®-equipped F-150 truck. The EcoBoost achievement is the latest success story for the Department’s Loan Programs Office (LPO).
The continued success of America’s auto industry depends on innovation and next-generation technologies that consumers all over the world increasingly demand -- and the Energy Department is playing an important role in this global competition.
As modernization of the nation’s electric grid moves forward, consumers and businesses are experiencing fewer outages, faster power restoration when outages do occur, more efficient operations, and cost savings. Here are some of the latest examples of how Smart Grid Investment Grants from the Energy Department are helping the electric grid to better serve the American people.
Office of Public Affairs Director, Dan Leistikow, details how the Energy Department's loan programs are playing a crucially important role in helping the United States compete globally for clean energy jobs.
The Department of Energy has finalized a $1.6 billion loan guarantee with the California company BrightSource Energy, Inc. to complete the construction of three concentrated solar power plants. A projected that is projected to create more than 1,000 jobs and, once operational, will produce enough solar energy to power 85,000 homes a year.
Tom D'Agostino, Under Secretary for Nuclear Security, and Administrator for the National Nuclear Security Administration, as well as the Energy Department of Energy's Co-Chair to Feds Feed Families, shares the results of the Federal food donation drive.