The DOE has made seven conditional commitments for additional funding by the time the loan guarantee legally expires on Sept. 30. So far, it has made 23 loans totaling $11.2 billion, said a spokesman.
"We are committed to ensuring that every deal closed before Sept. 30 is fully vetted and will not close any deal that has not received full due diligence by September 30,” said Damien LaVera, a department spokesman.
“We are not rushing to complete deals, we are using the full amount of time Congress allocated for the program so we can ensure that we fully complete all due diligence and make informed decisions based on the most recent data.”
LaVera declined to specify how many companies would get the new loans, or name them, citing potential market impact.