2011 Budget Expands Support for DOE Loan Guarantees | AREVA North America: Next Energy Blog


From the Office of Management and Budget (link)

February 1, 2010: “The President’s 2011 Budget provides $28.4 billion for the Department of Energy (DOE) to support scientific innovation, develop clean and secure energy technologies, maintain national security, and reduce environmental risk.

Encourage Use of Innovative Energy Technologies:

  • $36 billion in new loan authority – for a total of $54.5 billion – to expand support for DOE loan guarantees for nuclear power facilities.
  • $500 million in credit subsidy to support $3 billion to $5 billion in loan guarantees for innovative energy efficiency and renewable energy projects.
  • $144 million for research, development, and demonstration activities to modernize the grid including smart-grid technologies that will spur the transition to a smarter, more efficient, secure and reliable electric system, resulting in energy- and cost-saving choices for consumers, reduced emissions, and growth of renewable energy sources.”

Watch Secretary Chu discuss the 2011 Budget for the Department on Energy on Bloomberg:

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