EXECUTIVE ACTIONS TO INCREASE CHARGING INFRASTRUCTURE
DOE is Unlocking Up $4.5 billion in Loan Guarantees and Inviting Applications to Support Innovative Electric Vehicle Charging Facilities: Today, July 21, 2016 the DOE’s Loan Program Office (LPO) issued a supplement to its Title XVII Renewable Energy and Efficient Energy (REEE) Projects Solicitation, clarifying that certain electric vehicle (EV) charging facilities – including associated hardware and software – is now an eligible technology under the solicitation. The solicitation can provide up to $4.5 billion in loan guarantees to support innovative renewable energy and energy efficiency projects in the United States. Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States. The DOE’s LPO supports a large, diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments to approximately 30 closed and committed projects nationwide, including leading edge renewable energy projects, advanced technology vehicle manufacturing facilities, and two of the first new nuclear reactors to begin construction in the United States in more than three decades.
For more details, Please click this link: $4,500,000,000
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