Federal Loan Guarantees for Innovative Energy Technologies

For Title XVII Loan Guarantee program under Section 1703 of the Energy Policy Act of 2005 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.

Agency - Department of Energy

The Department of Energy's goal is to advance national, economic and energy security in the U.S.; to promote scientific and technological innovation in support of that goal; and to ensure environmental cleanup of the national nuclear weapons complex.




Program Accomplishments

Fiscal Year 2016: ATVM: 11 Applications were received No Direct Loans were awarded Title 17: 19 Applications were received No Direct Loans were awarded. Fiscal Year 2017: ATVM: The estimated number of applications to be received is not available. 2 Direct Loans are projected to be awarded Title 17: The estimated number of applications to be received is not available. 9 Loan Guarantees are projected to be awarded. Fiscal Year 2018: ATVM: The estimated number of applications to be received is not available. 1 Direct Loans are projected to be awarded Title 17: The estimated number of applications to be received is not available. 4 Loan Guarantees are projected to be awarded.

Uses and Use Restrictions

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. Further Program information may be found at http://www.energy.gov/lpo/loan-programs-office.

The following projects may be eligible for a loan guarantee under the Title XVII Loan Guarantee Program: (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. The tenor of ATVM loans varies from project to project.

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.

Eligibility Requirements

Applicant Eligibility

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. Glossary of Terms http://www.energy.gov/lpo/about-us/glossary-terms.

Beneficiary Eligibility

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.

Credentials/Documentation

No Credentials or documentation are required. This program is excluded from coverage under 2 CFR 200, Subpart E - Cost Principles.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 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

Award Procedures are identified in the individual solicitations for both LGPO and ATVM. 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.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

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.

Range of Approval/Disapproval Time

The Ranges of approval/disapproval times are identified in individual solicitations.

Appeals

Not Applicable.

Renewals

Not Applicable.

Assistance Considerations

Formula and Matching Requirements

Statutory formulas are not applicable to this program. Matching Requirements: 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 program.

Length and Time Phasing of Assistance

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. 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.

Post Assistance Requirements

Reports

The specific reports are detailed in each solicitation and in the final closing documents for the loans or loan guarantees.

In addition, any recipients of ARRA funding under the LGPO's Title XVII program must meet the ARRA Section 1512 reporting requirements.

The terms and conditions for each loan or guarantee will contain a schedule of all required reports.

This includes any ARRA Section 1512 reporting requirements.

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.

The terms and conditions for each loan or guarantee will contain a schedule of all required reports.

This includes any ARRA Section 1512 reporting requirements.

The terms and conditions for each loan or guarantee will contain a schedule of all required reports.

The terms and conditions for each loan or guarantee will contain a schedule of all required 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.

Audits

Not Applicable.

Records

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.

Financial Information

Account Identification

89-4577-0-0-271 - TITLE 17 INNOVATIVE TECHNOLOGY GUARANTEED LOAN FINANCING ACCOUNT; 89-4579-0-3-272 - ADVANCED TECHNOLOGY VEHICLES MANUFACTURING DIRECT LOAN FINANCING ACCOUNT; 89-4455-0-3-271 - TITLE 17 INNOVATIVE TECHNOLOGY DIRECT LOAN FINANCING ACCOUNT.

Obigations

(Salaries) FY 16 $16,680,000,000; FY 17 est $13,280,000,000; and FY 18 est $13,280,000,000 - Obligations include ATVM Direct Loan Authority ONLY. Administrative expenses to operate the program. Recent and pending Congressional action will significantly impact FY18 numbers FY16 Loan Authority: $16.7B FY17 Loan Authority: $13.3B FY18 Loan Authority: ~$13.3B. (Guaranteed/Insured Loans) FY 16 $24,942,000,000; FY 17 est $24,942,000,000; and FY 18 est $21,442,000,000 - Obligations include Title 17 Loan Guarantee Authority ONLY. Administrative expenses to operate the program. Recent and pending Congressional action will significantly impact FY18 numbers FY16 Loan Authority: $24.9B FY17 Loan Authority: $24.9B FY18 Loan Authority: ~$21.4B.

Range and Average of Financial Assistance

The value of the loan or guarantee will be determined on a project by project basis.

Regulations, Guidelines, and Literature

Statutory and Legislative Requirements can be found at the following links: http://www.energy.gov/lpo/about-us/statutory-and-legislative-requirements ATVM http://www.energy.gov/lpo/loan-guarantee-program-governing-documents/atvm-loan-program-governing-documents LGP http://www.energy.gov/lpo/loan-guarantee-program-governing-documents Statutory Compliance http://www.energy.gov/lpo/statutory-compliance

Information Contacts

Regional or Local Office

None.

Headquarters Office

Richard Rogers 1000 Independence Ave, SW , Washington DC, District of Columbia 20585 Email: richard.rogers@hq.doe.gov Phone: (202) 586-6607

Criteria for Selecting Proposals

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.


Bina Sitaram, a 40-year old former senior garment technician in the fashion industry, has created a social enterprise that affords young students lessons in healthy living by holding gardening, cooking and arts and crafts sessions.




Social Sector Jobs

  Substance Abuse Jobs
  Social Work Jobs
  Education Jobs
  Fundraising & Development Jobs
  Social Services Jobs