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DOE Loan Guarantee Program
Steve Bucalo | February 2009
ScottMadden is an Approved Market Consultant for the DOE Loan Guarantee Program
The Energy Policy Act of 2005 (EPAct05), signed into law on August 8, 2005, includes a wide range of provisions which address many aspects of the energy industry. Title XVII of EPAct05 provides the basis of U.S. Department of Energy’s (DOE) loan guarantee program. This title gives broad authority to the DOE to guarantee loans that support early commercial use of new or significantly improved technologies for energy projects in the U.S. The two principal goals of Title XVII are to encourage commercial use of new or significantly improved energy related technologies and to achieve substantial environmental benefits.
The DOE believes that accelerated commercial use of new or improved energy technologies will help to sustain economic growth, yield environmental benefits, and produce a more stable and secure energy supply. Project proposals need to be for technologies that are mature enough to assure dependable commercial operations and generate sufficient revenues.
ScottMadden has been selected and approved as a DOE Market Consultant to assist the DOE evaluate the business plans and commercial feasibility of projects applying for the loan guarantees. The following document gives a summary and overview of the DOE Loan Guarantee Program.
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