Federal Loan Guarantees for Innovative Energy Technologies

 

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 automobile 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 partial loan guarantee program that can guarantee up to $2 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. 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)).

Active 81.126 Department of Energy E - Direct Loans; F - Guaranteed/Insured Loans Not applicable. Energy Policy Act of 2005, PL 109-58, 119 Stat 1117-1122, Title XVII, 42 USC 15801; August 8, 2005. Energy Independence and Security Act of 2007, PL 110-140, Section 136.
Energy Policy Act of 1992, Part Title XXVI, Section c, 25 U.S.C. 3502(c)
Direct and Guarantee loan programs administrated by the Department of Energy's Loan Programs Office 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 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 Not applicable. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. This program is excluded from coverage under Office of Management and Budget (OMB) Circular No. A-102. This program is excluded from coverage under Office of Management and Budget (OMB) Circular No. A-110. Application procedures for a Department of Energy Title XVII loan guarantee are unique to each solicitation issued by the Department. Potential applicants should only apply for a loan guarantee under the specific funding opportunity announcement posted on the Federal Government website. Additional information can be found at the following websites: http://www.fedconnect.net or http://www.energy.gov/lpo/innovative-clean-energy-projects-title-xvii-loan-program Application procedures for a Department of Energy ATVM loan guarantee are unique to each solicitation issued by the Department. Potential applicants should only apply for a loan guarantee under the specific funding opportunity announcement posted on the Federal Government website. Additional information can be found at the following websites: http://www.fedconnect.net or http://www.energy.gov/lpo/advanced-technology-vehicles-manufacturing-atvm-loan-program For additional information, see final regulations, 10 CFR Part 609, Loan Guarantees for Projects That Employ Innovative Technologies; Final Rule, published on October 23, 2007. For additional information regarding the application process, please visit: http://www.energy.gov/lpo/apply Glossary of Terms http://www.energy.gov/lpo/about-us/glossary-terms Award Procedures are identified in the individual solicitations for both LGPO, ATVM and TELGP. Except for division C of Public Law 108-324, the Secretary shall make guarantees or loans under this or any other Act for projects on such terms and conditions as the Secretary determines, after consultation with the Secretary of the Treasury. Contact the headquarters or regional location, as appropriate for application deadlines Not applicable. Not applicable. Not applicable. Refer to solicitation and guidelines for the criteria to be utilized. Typically, significant weight is given to the credit worthiness of the project, the technical merit, and compliance with eligibility requirements. Title XVII Loan Guarantee Program- The Secretary may make guarantees under Section 1703 of the Energy Policy Act of 2005 only for projects that avoid, reduce, or sequester air pollutants or anthropogenic emissions of greenhouse gases; and employ new or significantly improved technologies as compared to commercial technologies in service in the United States at the time the guarantee is issued and which provide a reasonable assurance of repayment. Projects that may be eligible for a loan guarantee include: (1) Renewable energy systems. (2) Advanced fossil energy technology. (3) Hydrogen fuel cell technology. (4) Advanced nuclear energy facilities. (5) Carbon capture and sequestration practices and technologies. (6) Pollution control equipment. (7) Efficient end use technologies. (8) Efficient electrical generation, transmission, and distribution technologies. (9) Production facilities for fuel efficient vehicles. (10) Refineries, meaning facilities at which crude oil is refined into gasoline. (11) Distributed Energy Projects. The terms of an obligation shall require full repayment of principle and interest on the Guaranteed Obligations and other project debt over a period of up to the lesser of 30 years or 90 percent of the projected useful life of the project's major physical assets as calculated in accordance with generally accepted accounting principles and practices. Advanced Technology Vehicles Manufacturing Direct Loan Program - Direct loans my be issued to automobile 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. See above. The tenor of ATVM loans varies from project to project. For TELGP, DOE can support a broad range of energy-related projects for tribes, including fossil energy production and mining, renewable energy, transmission infrastructure, and energy storage projects. DOE is particularly focused on catalyzing the use of commercially available technologies in Indian country. Further Program information may be found at http://www.energy.gov/lpo/loan-programs-office Performance Reports: The terms and conditions for each loan or guarantee will contain a schedule of all required reports and performance monitoring. In general, the monitoring will be similar to commercial practices. Not applicable. A recipient of a guarantee or loan shall keep such records and other pertinent documents as the Secretary shall prescribe by regulation, including such records as the Secretary may require to facilitate an effective audit. The Secretary and the Comptroller General of the United States, or their duly authorized representatives, shall have access, for the purpose of audit, to the records and other pertinent documents. Statutory formula is not applicable to this assistance listing.

Matching is voluntary. Statutory formulas are not applicable to this program. Matching Requirements: For the LGPO Section 1703 loan guarantees, this is a "self-pay" program. Applicants will pay the subsidy costs as determined by the credit subsidy calculation. Also, fees will be charged to recover DOE's administrative costs in managing the Loan Guarantee Program. A fee schedule has been determined and published in each solicitation. No guarantee shall be made unless: (1) An appropriation for the cost has been made; or (2) The Secretary has received from the borrower a payment in full for the cost of the obligation and deposited the payment into the Treasury. (42 U.S.C. 16512.) Section 1705 guarantees have appropriated funds for the credit subsidy but applicant's and awardees are subject to additional fees during the application process and after award. See the solicitations at: http://www.energy.gov/lpo/open-solicitations For ATVM Section 136 direct loans, there is no self-pay for credit subsidy. DOE requirements are not applicable to this program.

MOE requirements are not applicable to this assistance listing. The term of an obligation shall require full repayment of principle and interest on the Guaranteed Obligations and other project debt over a period of up to the lesser of 30 years or 90 percent of the projected useful life of the project's major physical assets as calculated in accordance with generally accepted accounting principles and practices. Tenor may be less for the ATVM loans. See the following for information on how assistance is awarded/released: Except for division C of Public Law 108-324, the Secretary shall make guarantees or loans under this or any other Act for projects on such terms and conditions as the Secretary determines, after consultation with the Secretary of the Treasury. Except for division C of Public Law 108-324, the Secretary shall make guarantees or loans under this or any other Act for projects on such terms and conditions as the Secretary determines, after consultation with the Secretary of the Treasury. None/Not specified. Patricia Breed
1000 Independence Avenue SW
Washington, DC 20585 USA
patricia.breed@hq.doe.gov
Phone: 202-586-2510 http://www.energy.gov/lpo/loan-programs-office 89-4489-0-3-271 (Guaranteed/Insured Loans) FY 22$0.00; FY 23 est $3,333,333,333.00; FY 24 est $3,000,000,000.00; FY 21$0.00; FY 20$0.00; - (Direct Loans) FY 22$3,078,102,958.00; FY 23 est $13,853,034,060.00; FY 24 est $43,668,000,000.00; FY 21$0.00; - The value of the loan or guarantee will be determined on a project by project basis. Statutory and Legislative Requirements can be found at the following links: https://www.energy.gov/lpo/title-17-governing-documents https://www.energy.gov/lpo/atvm-governing-documents https://www.energy.gov/lpo/tribal-energy-loan-guarantee-program Not applicable.