Energy.gov

First Deal to Close Under DOE's Financial Institution Partnership Program

WASHINGTON, DC - Secretary Steven Chu announced today that the Department of Energy is extending the application deadline for the July 2009 energy efficiency, renewable energy and advanced transmission and distribution technologies solicitation. The Round 8, Part 1 application deadline is October 5, 2010. This gives companies an additional six weeks to apply for a loan guarantee under Section 1703, and if qualified, under Section 1705, provided by the American Recovery and Reinvestment Act.  

Recovery Act Funds to Support New Renewable Energy Manufacturing Projects

Washington D.C. --- Energy Secretary Steven Chu today announced that a $43 million loan guarantee has been finalized for Beacon Power Corporation's 20 megawatt innovative flywheel energy storage plant in Stephentown, NY.  The plant will help improve the stability and reliability of the state's electric grid and Beacon estimates it will create 20 construction jobs in New York and 40 permanent jobs in Massachusetts. Beacon Power is an energy storage company headquartered in Tyngsboro, Massachusetts.

First Battery-Based Energy Storage System Project to Be Selected by DOE for a Conditional Loan Guarantee Commitment

Oregon Project is First Geothermal Project to Receive Conditional Commitment

Manufacturing at Shuttered Delaware GM Plant Expected to Create Over 2,000 Jobs

Project will create over 200 jobs and significantly reduce heating, lighting and cooling costs

Innovative solar energy projects expected to create more than 1,000 jobs

Conditional deal is major step towards restarting the domestic nuclear industry