U.S. Energy Department Hopes to Drum Up Interest, but Companies Are Wary
That's what Peter Davidson, the head of the U.S. Energy Department's loan office, has available for companies developing certain kinds of clean-energy technologies, including a big chunk earmarked for projects that reduce pollution in the coal, oil and natural-gas industries.
Whether he can drum up much interest in the funding, however, remains to be seen.
The executive director of the loan office since May 2013, Mr. Davidson is seeking to revive a loan program that was accused of squandering hundreds of millions in taxpayer money by backing green-energy failures such as Solyndra, the solar startup that filed for bankruptcy in 2011 after getting a $535 million loan.
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