POLITICO
DOE s first task for loan guarantees: Calming industry nerves
Business executives and attorneys say they are nervous about the high cost of applying for the loan guarantees and fear they could see their requests get stuck in limbo for years.
Jennifer Granholm testifies before the Senate Energy Committee. | Graeme Jennings/Pool via AP
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Energy Secretary Jennifer Granholm has put the Energy Department s $43 billion loan guarantee program at the forefront of her plans to decarbonize the grid, but convincing companies to overcome their jitters and tap into the program will be the first challenge.
Business executives and attorneys say they are nervous about the high cost of applying for the loan guarantees and fear they could see their requests get stuck in limbo for years. Some said they have avoided the program in recent years amid skepticism that the Trump administration would approve their applications.