Title XVII of EPAct05 – Incentives for Innovative Technologies
Title XVII of EPAct05 provides the basis of the Energy Department’s program. This title provides broad authority for the Department to guarantee loans that support early commercial use of advanced technologies, if there is reasonable prospect of repayment by the borrower. Loan guarantees will be another tool that the Department will use to promote commercial use of innovative technologies. This tool is targeted at early commercial use only, not energy research, development, and demonstration programs.