1. Renewable Energy: Obama Offers $1 billion in Loan Guarantees for Innovations

    Renewable Energy: Obama Offers $1 billion in Loan Guarantees for Innovations

    Renewable and energy storage organizations are praising the initiative. Matt Roberts of the Energy Storage Association says the effort will “definitely have an impact as DOE both brings financial resources and offers technical expertise to support these projects.” Roberts says the program will help innovative companies bridge the gap between venture capital investment when they are at the early idea stage and conventional lending that banks are more willing to extend to more mature, market-ready businesses.

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