Biden-Harris Administration Bringing Back Clean Nuclear Energy ...
WEB1 day ago · DOE, through its Loan Programs Office (LPO), announced the closing of a loan guarantee of up to $1.52 billion under the Inflation Reduction Act’s Energy Infrastructure Reinvestment (EIR) program to Holtec Palisades to help finance the restoration and resumption of service of an 800-MW nuclear generating station in …
Feds approve $2.8B for Palisades nuclear restart - Axios
WEB1 day ago · The Biden administration on Monday morning announced more than $2.8 billion for efforts to restart the Palisades nuclear plant in Michigan.. Why it matters: The funds are aimed at encouraging risk-averse banks to finance the unprecedented effort, the first time the Energy Department has used a loan guarantee for existing infrastructure. Driving the news: The Energy Department approved an up to ...
US Administration finalises financial support for Palisades restart
WEB1 day ago · The Department of Energy (DOE) conditionally committed to the loan guarantee in March. Today's announcement is the first closing of a loan guarantee through the Energy Infrastructure Reinvestment (EIR) programme under Title 17 Clean Energy Financing Section 1706, first authorised and appropriated …
DOE backs retired nuclear plant restart with conditional $1.5B loan
WEBMar 27, 2024 · The conditional lending is under the office’s new energy infrastructure reinvestment program authorized by the Inflation Reduction Act. It is the first conditional commitment made under the...
New Report on Redevelopment and Reinvestment ... - Department of Energy
WEBJun 29, 2023 · Under EIR, LPO can finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations. Additionally, LPO can finance projects that upgrade operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or greenhouse gas emissions.
Understanding Energy Infrastructure Reinvestment Loan …
WEBJun 5, 2024 · LPO’s Energy Infrastructure Reinvestment (EIR) program was created by President Biden’s Inflation Reduction Act to help accelerate the nation’s clean energy transition. EIR provides utilities with attractive, cost-competitive debt financing for portions of utility capital investment plans while reducing costs to customers.
Biden-Harris Administration Announces Historic $20 ... - The White House
WEBApr 4, 2024 · This historic investment will support a wide range of climate and clean energy projects, including distributed clean power generation and storage, net-zero retrofits of homes and small...
The Energy Infrastructure Reinvestment Opportunity: …
WEB1 day ago · The Energy Infrastructure Reinvestment (EIR) program of the Loan Program Office (LPO), coupled with Inflation Reduction Act (IRA) tax incentives, provides a unique and time-sensitive opportunity for the US oil and gas sector to accelerate its transition toward cleaner sources of energy and away from oil and gas.. Through the EIR, the LPO can provide financing for projects that retool, repower ...
Tapping into DOE’s $250B of loan authority for projects that …
WEBJul 6, 2023 · DOE recently released program guidance for its Title 17 Clean Energy Financing Program, including how it will support projects that reinvest in U.S. energy infrastructure for the clean...
The US Bipartisan Infrastructure Law: Funding clean energy
WEBMar 20, 2023 · The Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law (BIL), which was signed in November 2021, will provide more than $1 trillion in public investment. One core component of the legislation is accelerating the clean-energy transition and improving the reliability and resilience of electric-power ...