World Energy invited to submit Part II application for $2B DOE loan guarantee

In Massachusetts, World Energy has been invited by the U.S. Department of Energy (DOE) to submit the Part II Application for an approximately $2 billion loan guarantee through the Title 17 Clean Energy Financing Program. 

The Title 17 program, offered through the DOE’s Loan Programs Office (LPO) and established by the Energy Policy Act of 2005, plays a crucial role in accelerating the deployment of innovative, large-scale clean energy projects focused on reducing greenhouse gas emissions. If awarded, the loan guarantee will provide essential funding for the construction of World Energy’s Houston renewable fuels facility, which will produce sustainable aviation fuel (SAF) and clean hydrogen to decarbonize the hardest-to-abate sectors, including aviation and heavy-duty trucking.