Department of Energy Loan Guarantee Program Significantly Expanded by American Recovery and Reinvestment Act of 2009
13 March 2009
Mayer Brown Legal Update
13 March 2009 - Title XVII of the Energy Policy Act of 2005 authorized the US Department of Energy (DOE) to provide loan guarantees for the development of innovative technologies (i.e., technologies that are not yet commercially available at the time the guarantee is issued). Title III of the American Recovery and Reinvestment Act of 2009 (the “Recovery Act”) expanded this program.