Gevo’s Net-Zero 1 Reaches Key Milestone for Loan Guarantee from the U.S. Department of Energy
Retrieved on:
Monday, August 7, 2023
The invitation was based on the DOE’s determination that Gevo’s Net-Zero 1 Project is highly qualified and suitable for a loan guarantee from the DOE.
Key Points:
- The invitation was based on the DOE’s determination that Gevo’s Net-Zero 1 Project is highly qualified and suitable for a loan guarantee from the DOE.
- This key milestone marks the successful completion of the phase II application and diligence process, which Gevo publicly announced on January 19, 2023.
- Most importantly, this milestone signifies the commencement of the underwriting phase for the debt financing process.
- "We believe that reaching this stage with the DOE is a critical milestone and illustrative of Gevo’s progress in developing Net-Zero 1.