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Plug Power (NASDAQ:PLUG) jumped nearly 5% in early afternoon trading on the Nasdaq Stock Market Thursday, and is still holding onto more than half those gains as the trading day winds down -- up 2.8% as of 2:10 p.m. EDT. You can thank the U.S. government for that. Image source: Getty Images. So what This morning, Plug Power announced that the U.S. Department of Energy has "invited" it to submit a Part II Application for a loan guarantee under DOE's Title XVII Loan Guarantee Program.   Title XVII refers to the part of the U.S. Energy Policy Act of 2005 that subsidizes development of "new or ...

To print this article, all you need is to be registered or login on Mondaq.com. On March 29, 2021, the Biden administration issued a fact sheet (Fact Sheet) announcing a "set of bold actions that will catalyze offshore wind energy, strengthen the domestic supply chain, and create good-paying, union jobs." Included in the announcement is a target to deploy 30 GW of offshore wind by 2030 to support 77,000 jobs, power 10 million homes and cut 78 million metric tons in carbon emissions. 1 The actions were announced at a White House roundtable that included National Climate...

(Algae Biomass Organization) … Algae, encompassing photosynthetic and non-photosynthetic aquatic organisms including microalgae and seaweeds (macroalgae), create a highly versatile and tunable platform for the development of fuels and products.  In most cases, large scale algae production can be done on marginal land, including the underdeveloped coastal area around the US [4] that is unsuitable for food crops. Algae farms can currently produce over 60 metric tons of dry biomass per hectare per year[5] and may consume up to 1.8 kg of CO2 per kg of biomass[6]. Thus, algae farming – micr...

To embed, copy and paste the code into your website or blog: To promote U.S. offshore wind projects, the Biden administration recently extended the Title XVII Innovative Energy Loan Guarantee Program (the “Title XVII Program”) to offshore wind and offshore transmission developers, suppliers, and other financing partners and has set certain criteria on eligibility for these federal loan guarantees. 1 Overview of the Title XVII Loan Guarantee Program The Title XVII Program is run by the Loan Programs Office of the Department of Energy (“DOE”), which also administers the Advanced Technol...

Special to The Digest One of President Biden’s Clean Energy initiatives includes partnering with farmers, ranchers and businesses engaged in livestock production to implement environmentally sound agriculture practices and deploy methane digesters that generate new sources of energy and revenue. Agriculture producers and businesses engaged in the livestock industry are facing methane emissions remediation issues that impact the future economic viability of the industry. Agriculture producers include individuals or entities directly engaged in the agriculture products and businesses includin...