Ubiquitous Energy Invited to Submit Part II Application for Department of Energy Title XVII Loan Guarantee Program

Ubiquitous Power Advances in Aggressive Mortgage Course of to Deploy Novel Know-how Integrating Electrical energy Era into Home windows and Different On a regular basis Surfaces

Ubiquitous Power, a next-generation expertise firm growing really clear photo voltaic expertise for architectural glass, is worked up to announce that it has been invited to submit Half II of its utility to the US Division of of Power (DOE) Title XVII Mortgage Assure Program. The proposed mortgage assure will assist the event of a US-based clear photo voltaic window manufacturing facility and a whole lot of latest clear expertise jobs.

The Title XVII Mortgage Assure Program helps assist the deployment of decarbonization applied sciences which can be navigating the final mile to commercialization, giving them entry to the mandatory loans and mortgage ensures. To this point this system has offered greater than $25 billion in mortgage ensures and presently has roughly $62 billion in obtainable mortgage assure authority to facilitate the industrial deployment of latest power applied sciences.

Ubiquitous Power is the main developer of clear photo voltaic expertise, which has the potential to revolutionize the best way clear power is generated and used. The corporate’s UE Energy™ expertise produces photo voltaic electrical energy and integrates with normal home windows with out sacrificing magnificence, design, or views.

With the constructed setting producing 40 p.c of annual world CO2 emissions and the worldwide constructing ground space anticipated to double by 2060, there may be an pressing want for zero-emissions power sources to energy the present and push into the long run. In the meantime, the monetary incentives and job creation alternatives enabled by the Inflation Discount Act of 2022 additional enhance DOE’s funding in new and industrial renewable power options.

“We’re happy to have been invited to submit a Half II utility for DOE’s extremely aggressive Title XVII Mortgage Assure Program. This chance will permit us to speed up the commercialization of our modern clear photo voltaic expertise and produce it to market extra shortly. quick,” stated Susan. Stone, CEO of Ubiquitous Power. “We stay up for working with the Division of Power to proceed driving the transition to a clear power economic system.”

To be taught extra about Ubiquitous Power, go to https://ubiquitous.power/.

DOE Mortgage Assure

DOE’s invitation to submit a Half II utility isn’t a assure that DOE will invite an applicant to the due diligence course of and time period sheet negotiations, that DOE will provide a time period sheet to an applicant, that DOE problem a mortgage assure, or that the phrases and situations of a mortgage assure are in step with the phrases proposed by an applicant. Issues going ahead rely totally on the outcomes of DOE’s evaluation and analysis of a Half II Software, and DOE’s dedication whether or not to proceed.

About Ubiquitous Power

Based by MIT in 2011, Ubiquitous Power exists to speed up world decarbonization by utilizing each potential floor to generate renewable power. Ubiquitous Power created the world’s main clear photo voltaic expertise, UE Energy™. With a whole lot of world patent filings, UE Energy™ is a clear coating that produces photo voltaic electrical energy and integrates into normal home windows with out sacrificing magnificence, design, or views. There are countless prospects for future purposes. For extra data, please go to us at https://ubiquitous.power/ or join with us by way of Linkedin.