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USDA to award $11M loan guarantee to Oregon biorefinery

Green Car Congress

with an $11-million loan guarantee through the Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program. Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. The biorefinery will be built on land owned by the Port of Morrow, one of the largest ports in Oregon.

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DOE awards up to $40M for open-water, grid-connected wave energy testing facility

Green Car Congress

The US Department of Energy (DOE) announced the award of up to $40 million, subject to appropriations, to design, permit, and construct an open-water, grid-connected national wave energy testing facility. For context, approximately 90,000 homes can be powered by 1 TWh per year.

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The US just proposed 18 GW of new offshore wind sales

Baua Electric

New US offshore wind auction areas The offshore wind auction areas announced by the US Department of the Interior and the Bureau of Ocean Energy Management (BOEM) are off the Oregon coast and in the Gulf of Maine. Offshore wind is banned in Maine state waters to protect the commercial lobster harvesting industry.

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USDA provides $91M loan guarantee to Cool Planet for biogasoline blendstock plant; biomass pyrolysis and catalytic conversion

Green Car Congress

The Cool Planet plant will produce approximately 8 million to 10 million gallons of high-octane, renewable gasoline blendstocks (reformate), as well the biochar, all made from sustainable wood residues. The output from each catalytic array when cooled is comprised of volatile gases, renewable fuel and water.

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Departments of Energy and Interior award nearly $17M for advanced hydropower technologies

Green Car Congress

By allowing utility operators to pump water up to a dam or impoundment during periods of low electricity demand and release water during times of peak electricity demand, pumped storage hydropower improves the reliability of electric grids and helps increase the use of variable renewable energy resources such as wind and solar power.

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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

billion in loan guarantees to support innovative renewable energy and energy efficiency projects in the United States. Eugene Water & Electric Board. University of Oregon. Charging infrastructure financing: Unlocking Up $4.5 The solicitation can provide up to $4.5 Municipal fleet electrification. Confluence Environmental Center.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

Green Car Congress

The legislation would also provide new incentives for domestic oil and gas drilling, nuclear power plant construction, carbon capture and storage, and renewable energy sources like wind and solar. Ultimately, the decision of whether to invest in renewable energy will be made by investors taking a cold, hard look at economic realities.

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