Evaluation of applications.

CFR · 2024-01-01 · US · Title 10

(a) Applications will be considered in a merit-based review process, considering such factors determined and published by DOE in guidance on its Title XVII Loan Guarantee Program website pursuant to § 609.19. At any time, DOE may request additional information or supporting documentation from an Applicant. (b) Applications will be denied if: (1) The proposed project is not an Eligible Project; (2) With respect to applications for Innovative Energy Projects and Innovative Supply Chain Projects, the applicable technology is not ready to be deployed commercially in the United States, cannot yield a commercially viable product or service in the use proposed in the Application, does not have the potential to be deployed in other commercial projects in the United States, or is not or will not be available for further commercial use in the United States; (3) The Person proposed to issue the loan or purchase other debt obligations constituting the Guaranteed Obligations is not an Eligible Lender; (4) The proposed project is for demonstration, research, or development; (5) Significant Equity for the proposed project will not be provided by the date of issuance of the Guaranteed Obligations, or such later time as DOE in its discretion may determine; (6) The proposed project does not present a Reasonable Prospect of Repayment of the Guaranteed Obligations; (7) With respect to applications for Energy Infrastructure Reinvestment Projects such application fails to include an analysis of ho

official document · source cfr-2024 · id 10:§ 609.5