An application for a Title 17 Innovative Energy Loan Guarantee is comprised of two parts. In the Part I application, the applicant provides information to LPO so that LPO can determine whether the project satisfies: (1) the Title 17 technical eligibility requirements which are whether the project (a) employs an innovative technology, and (b) will avoid, reduce, utilize or sequester air pollutants or greenhouse gas emissions; and (2) the technical eligibility requirements of the applicable solicitation.
If LPO determines, based on the materials submitted to DOE in the Part I application, that a project satisfies the technical eligibility requirements, then LPO’s invites the applicant to submit a Part II application. The invitation to submit a Part II application and the applicable solicitation describe the information to be provided in the Part II application.
DOE’s invitation to submit a Part II application is not, however, an assurance that DOE will invite the applicant into the due diligence and term sheet negotiation process, that DOE will offer a term sheet to the applicant, or that the terms and conditions of a term sheet will be consistent with terms proposed by the applicant. The foregoing matters are wholly dependent on the results of DOE review and evaluation of a Part II Application, and DOE’s determination whether to proceed.
To help potential applicants better understand the technical eligibility requirements, LPO’s Technical and Project Management Division has produced reference guides for the Renewable Energy & Efficient Energy Projects, Advanced Nuclear Energy Projects, and Advanced Fossil Energy Projects solicitations. Potential applicants are encouraged to engage in pre-application consultations with LPO staff and review the applicable solicitation in its entirety prior to submitting an application.
