The DOE and Rare Earth Metals

A group of 20 senators is urging the Department of Energy to open its loan guarantee program to projects meant to increase U.S. production of rare earth…

U.S. Geothermal Nabs $102M DOE Loan Guarantee

The Department of Energy this morning announced the tenth award for a clean energy project under the long delayed loan guaranteed program. Oregon-based U.S. Geothermal has won the latest award, on a conditional basis, for $102.2 million.

GM, Chrysler’s Green Car Loan Bids Inch Forward, Face Upstart Competition

General Motors and Chrysler, in their bids for government loans for green car manufacturing, have cleared the hurdle of demonstrating financial viability. Now it’s a matter of showing that their ideas for producing more efficient vehicles are on the cutting edge.

DOE Picks eSolar, Abengoa, Others for $62M in Solar Funds

Abengoa Solar, eSolar and Infinia are among the companies selected to benefit from a new round of Department of Energy investments in concentrating solar power. The goal? Tap the power of the sun 18 hours a day and kick the coal habit.

International Battery Bags $35M, Big Year Ahead

International Battery, a startup that just raised $35 million in third-round financing, is taking the Field of Dreams approach that so many energy storage startups are eying these days: If you raise funds and build a factory, the customers will come.

DOE Looks to the Web to Speed Up Loan Guarantees

Doling out awards ASAP under the Department of Energy’s Loan Guarantee Program has been an ongoing theme for the agency under the Obama administration. One of the next steps to speed up the process will be bringing more of it online.

Plug-in Vehicle Maker Fisker Closes $529M DOE Loan

The federal government and Fisker Automotive have just closed a $528.7 million loan agreement meant to help the startup launch its luxury plug-in hybrid, the Fisker Karma, and set up manufacturing in Delaware for a line of lower-cost plug-in hybrids.

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