$8,000,000,000 Billion in Loan Guarantees For Advanced Fossil Fuel Projects Joshua Mosshart

                         "Advanced Fossil Energy Projects"

Avoid, reduce or sequester the emission of greenhouse gases.

The Department of Energy currently announced it is seeking applicants who would want loan guarantees to aid in the DOE's mission. 

The Guarantees will be for projects in the United States that can demonstrate an advanced innovative fossil energy technology.                                

An “Eligible Project” under this Solicitation is a Project located in the United States that: 

1. Uses advanced fossil energy technology (within the meaning of that term in Section 1703(b)(2) of Title XVII) and is described in one or more of the following technology areas: 

a) Advanced Resource Development. 

Projects that employ new or significantly improved technologies to economically develop, recover, and produce traditional and non-traditional fossil energy resources with reduced greenhouse gas emissions; 

b) Carbon Capture. 

Projects that integrate fossil fuel usage in traditional processes with new or improved technology that captures and removes CO2 for permanent storage in underground formations or through beneficial reuse; 

c) Low-Carbon Power Systems. 

Projects that use fossil fuels for electricity generation using novel processes or improved technologies that can seamlessly integrate with CO2 capture and storage or beneficial reuse; or 

d) Efficiency Improvements. 

Projects that incorporate new or improved technologies to increase efficiencies and substantially reduce greenhouse gas emissions associated with fossil fuel supply and use; and 

2. Meets both of the following requirements: 

a) Projects that avoid, reduce, or sequester anthropogenic emission of greenhouse gases; and 

b) Projects that employ New or Significantly Improved Technology as compared to Commercial Technology in service in the United State at the time the Term Sheet is issued. 

                       Illustrative Types of Eligible Projects 

1. Advanced Resource Development: 

a) Novel oil and gas drilling, stimulation, and completion technologies, including dry fracking, that avoid, reduce, or sequester anthropogenic emission of greenhouse gases; 

b) Use of associated gas production to reduce flaring; 

c) Coal-bed methane recovery to reduce methane emissions into the atmosphere associated with coal mining; 

d) Underground coal gasification; or 

e) Methane emissions capture from production, transmission or distribution; 

2. Carbon Capture: 

a) CO2 capture from synthesis gases in fuel reforming or gasification processes; 

b) CO2 capture from flue gases in traditional coal or natural gas electricity generation; or 

c) CO2 capture from effluent streams of industrial processing facilities; 

3. Low-Carbon Power Systems: 

a) Coal or natural gas oxycombustion; 

b) Chemical looping processes; 

c) Hydrogen turbines; or 

d) Synthesis gas, natural gas, or hydrogen based fuel cells; 

4. Efficiency Improvements: 

a) Combined heat and power; 

b) Waste heat recovery on industrial facilities; 

c) High-efficiency distributed fossil power systems; or 

d) High temperature materials for fossil-based systems. 

All fossil fuels, including, without limitation, coal, natural gas, oil, shale gas, oil gas, coal-bed methane, methane hydrates, and others, are included in references in this Solicitation to “fossil fuels.” 

The key to success is for the projects to be resource efficient compared to existing technologies.



Click Me: Cleantech Grants
Source: DOE Solicitation Number: DE-SOL-0006303