nuclear, nuclear power, nuclear energy, power, energy, emissions, environment, low-carbon, climate, Department of Energy DOE to offer $12.6B in loan guarantees for advanced nuclear energy

DOE to offer $12.6B in loan guarantees for advanced nuclear

Source:US Department of Energy

The Department of Energy has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for advanced nuclear energy projects

The US Department of Energy (DOE) has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for advanced nuclear energy projects. Once finalized, these loan guarantees will provide critical financing to help commercialize advanced nuclear energy technologies, supporting projects that are often unable to secure full commercial financing due to their scale and use of innovative technology.

“For the first time in more than 30 years, new nuclear power plants are under construction in the United States,” said Secretary Ernest Moniz. “This solicitation would build on that investment and help support the construction of the next generation of safe and secure nuclear energy projects. Expanding on the Administration’s commitment to an all-of-the-above energy strategy, these projects will provide clean energy to American families and businesses.”

Authorized by Title XVII of the Energy Policy Act of 2005, the Advanced Nuclear Energy Projects Solicitation would provide loan guarantees to support construction of innovative nuclear energy and front-end nuclear projects in the United States that reduce, avoid, or sequester greenhouse gas emissions. While any project that meets the eligibility requirements may apply, the Department has identified four key technology areas of interest in the draft solicitation: advanced nuclear reactors, small modular reactors, upgrades and uprates at existing facilities, and front-end nuclear projects.

The draft solicitation can be found online at http://www.energy.gov/lpo

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