July 13, 2011
Value Recovery Holding, LLC Selected for a Contract by the U.S. Department of Energy
COLUMBUS, Ohio, July 13, 2011 /PRNewswire/ -- Columbus-based Value Recovery Holding, LLC ("VRH") has been awarded up to a $53.8 million five-year contract to support the U.S. Department of Energy's Loan Program Office ("LPO"). The mission of the Loan Programs Office is to increase the supply of clean energy by issuing long-tenor loans and loan guarantees to accelerate the commercial deployment of innovative and advanced technologies at a scale that contributes meaningfully to the achievement of the nation's clean energy objectives.
Under the contract awarded to VRH on May 9, 2011, VRH will serve as the prime contractor and lead the team of six other companies that assists the DOE in conducting the financial, technical, and environmental analyses and reporting necessary to achieve LPO's mission and goals. "We are very excited about this opportunity," said Barry Fromm, Founder and Chairman of VRH. "This contract will have many implications, including reviewing new cutting edge technologies and supporting a program that has contributed significantly to shaping the nation's clean energy future."
The Energy Department's Loan Programs Office administers three separate programs: the Title XVII Section 1703 and Section 1705 loan guarantee programs, and the Advanced Technology Vehicle Manufacturing (ATVM) loan program. The loan guarantee programs support the deployment of commercial technologies and innovative technologies that avoid, reduce or sequester greenhouse gas emissions, while ATVM supports the development of advanced vehicle technologies.
VRH, and its affiliated entities, work with State and Federal agencies to offer complete project management and consulting services from initiation and design, to program implementation and management. VRH combines expertise in complex financial and technical analyses with our program management services to assist clients in meeting their goals or legislative objectives.
Headquartered in Columbus, with offices in Washington D.C. and St. Louis, Missouri, the VRH team includes business, technical, legal, government, and finance professionals, as well as certified project management professionals with deep experience in program design, implementation, and management. VRH's expertise in program design and management is the result of decades of experience as a partner to numerous state and federal government agencies.
SOURCE Value Recovery Holding, LLC