An Update on DOE's Loan Programs
In two years, DOE's Loan Programs Office has issued
loans, loan guarantees, and conditional commitments
for loan guarantees to 28 clean energy projects.
Electricity generation accounts for about 40% of total U.S. energy consumption. (Source: Institute for 21st Century Energy)
Fossil fuels provide more than 85% of all the energy consumed in the US, nearly two-thirds of our electricity, and virtually all of our transportation fuels. (Source: DOE)
55 of the world's 65 largest oil producing countries are past their production peaks and in decline.
The United States makes up 5% of the world's population and accounts for 25% of total energy use.
Today’s challenges of reducing greenhouse gas emissions while meeting the country’s steadily rising demand for electricity make it essential for legislatures and public utility commissions to shift their focus toward mechanisms that make demand reduction as profitable for utilities as increasing supply. (Source: Institute for 21st Century Energy)
