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DOE’s Loan Program Office Seeks Next Great Idea

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By Joseph Markman, Hart Energy
March 24, 2014

HOUSTON -- Got a great idea to change the world, but lenders won’t give you a break? Uncle Sam has $8 billion burning a hole in his pocket, and might be willing to back your plan.

The Department of Energy’s (DOE) Loan Programs Office is geared toward supporting cutting-edge technologies at stages where commercial investors hesitate. Its average loan is $1 billion, but its projects have ranged from $50 million to the recently closed $6.5 billion for the nuclear-powered Vogtle Electric Generating Plant in Georgia.

“We are all about deploying ...

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