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Energy Department issues $12.5B loan solicitation for nuclear projects

Mar 26, 2015

The U.S. Department of Energy (DOE) recently issued the Advanced Nuclear Energy Projects loan guarantee solicitation, which provides $12.5 billion to support innovative nuclear energy projects.

This solicitation will help the U.S. build the next generation of safe and secure nuclear energy projects by providing the critical financing needed for innovations that have not been widely deployed at commercial scale in this country, DOE Secretary Ernest Moniz noted.

While any project that meets the eligibility requirements may apply, the DOE has identified four key technology areas of interest: advanced nuclear reactors, small modular reactors, uprates and upgrades at existing facilities, and front-end nuclear projects.

Authorized by Title XVII of the Energy Policy Act of 2005, the Advanced Nuclear Energy Projects Solicitation would provide loan guarantees to support the construction of innovative nuclear energy and front-end nuclear projects in the U.S. that reduce, avoid, or sequester greenhouse gas emissions.

The full solicitation can be found online at energy.gov/lpo. The deadlines are rolling deadlines approximately every six months.

The Department’s Loan Programs Office now has open solicitations in four areas, including the Advanced Fossil Energy Projects Solicitation, the Renewable Energy and Efficient Energy Projects Solicitation, and the Advanced Technology Vehicle Manufacturing  loan program.