DoE Offers $30 billion in Loan Guarantees for Renewable Energy and Transmission

3 August 2009 Geoff Zeiss
The US Department of Energy has announced that it will provide up to $30 billion in loan guarantees for renewable energy projects.  It will support an additional several billion dollars in loan guarantees for projects for improving the US transmission system.  The two new loan guarantee programs are being funded by the ARRA and through 2009 budget appropriations. Applications will be accepted over the next 45 days.

These programs are designed to support the Obama adminstration’s goal of doubling renewable electricity generation over the next three years.  The objective is to increase renewable energy generation and to expand the transmission grid to get renewable energy to consumers.

The lending authority includes:
  • $8.5 billion from the 2009 budget for renewable energy
  • $2 billion provided by the Recovery Act renewable energy and electric power transmission projects  
  • $500 million for cutting edge biofuel projects funded by the Recovery Act
  • $750 million provided by the Recovery Act for large transmission infrastructure projects in the U.S. that use commercial technologies
Geoff Zeiss

Geoff Zeiss

Geoff Zeiss has more than 20 years experience in the geospatial software industry and 15 years experience developing enterprise geospatial solutions for the utilities, communications, and public works industries. His particular interests include the convergence of BIM, CAD, geospatial, and 3D. In recognition of his efforts to evangelize geospatial in vertical industries such as utilities and construction, Geoff received the Geospatial Ambassador Award at Geospatial World Forum 2014. Currently Geoff is Principal at Between the Poles, a thought leadership consulting firm. From 2001 to 2012 Geoff was Director of Utility Industry Program at Autodesk Inc, where he was responsible for thought leadership for the utility industry program. From 1999 to 2001 he was Director of Enterprise Software Development at Autodesk. He received one of ten annual global technology awards in 2004 from Oracle Corporation for technical innovation and leadership in the use of Oracle. Prior to Autodesk Geoff was Director of Product Development at VISION* Solutions. VISION* Solutions is credited with pioneering relational spatial data management, CAD/GIS integration, and long transactions (data versioning) in the utility, communications, and public works industries. Geoff is a frequent speaker at geospatial and utility events around the world including Geospatial World Forum, Where 2.0, MundoGeo Connect (Brazil), Middle East Spatial Geospatial Forum, India Geospatial Forum, Location Intelligence, Asia Geospatial Forum, and GITA events in US, Japan and Australia. Geoff received Speaker Excellence Awards at GITA 2007-2009.

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