The DOE needs to “modernize” its loan office and grant programs if it wants to foster large projects and help technologies get across the “valleys of death,” according to a report from the EFI Foundation (founded by former DOE Secretary Ernest Moniz). (E&E News)
Per EFI’s modeling, under 5% of $61 billion in appropriated infrastructure law funding has been paid to the private sector, and projects typically took 18 months to move from award announcement to contract.