The Energy Department said it made the loan guarantee available for advanced fossil fuel energy projects such as carbon capture and projects shown to lower emissions of carbon dioxide and other greenhouse gases through efficiency improvements.
"By helping to accelerate the introduction of innovative, clean fossil energy technologies ready for deployment at commercial scale today, investments under this solicitation will help ensure we continue to have access to affordable, clean energy from all our domestic energy resources tomorrow," Energy Secretary Ernest Moniz said in a statement Thursday.
With fossil fuels like oil and coal accounting for 80 percent of the U.S. energy mix, the secretary said financing low-carbon solutions would help the United States build a cleaner economy.
The Energy Department, through its loan programs office, said it has backed projects ranging from thermal energy to electric vehicles with more than $30 billion.
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