federal loan guarantees

US Government Issues Loans for the First Nuclear Reactors in 30 Years

February 21, 2014 by Katherine Tweed

Energy Secretary Ernest Moniz traveled to Waynesboro, Georgia on Thursday to issue approximately $6.5 billion in loan guarantees for two new nuclear reactors at the Alvin W. Vogtle Electric Generating Plant. The reactors will be the first new nuclear facilities in about three decades.[read more]

Overcoming Hurdles to Clean Energy Commercialization

November 21, 2011 by David Levy

Despite the mounting evidence of severe climate change, there is a funding crisis for potential solutions. The Department of Energy released data at the beginning of November showing that global emissions of CO2 rose 6% in 2010, despite the ongoing economic recession. This trajectory is higher than the worst case projections from the Intergovernmental Panel on Climate Change (IPCC) in it’s 2007 Fourth Assessement Report. The impacts are already being felt. A new IPCC report concludes that climate change is causing more extreme weather, especially heat waves, heavy precipitation, and coastal flooding (though the super-cautious IPCC hedged on hurricanes).[read more]

White House advisors: Federal loans for renewable power projects going to the wrong projects

November 5, 2010 by Michael Giberson

\From news reports: The federal loan guarantee program for renewable energy projects should either be fixed or scrapped, senior White House advisors wrote in a memo to President Barack Obama last week. Obama’s top environmental advisor Carol Browner, top economic advisor Lawrence Summers and Vice President Joe Biden’s chief of staff Ron...[read more]