DOE offers Sage conditional commitment for $72 million loan guarantee

Sage Electrochromics Inc., Faribault, Minn., got an offer for a conditional commitment for a $72 million loan guarantee by the U.S. Department of Energy, the DOE announced earlier today, according to a March 5 release. Coupled with the $31 million Advanced Energy Manufacturing Tax Credit Sage was awarded earlier this year, the company has now secured more than $100 million in federal funding. These funds will help Sage establish a facility for the manufacture of energy-saving electronically tintable glass, which will make buildings more energy efficient and will create hundreds of new green manufacturing and construction jobs.

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