The Department of Energy’s Loan Programs Office (LPO) is going on the road. From Seattle to St. Louis, New York to Nashville, and points in between, members of the LPO team are traveling to as many cities in the U.S. as they can.
The team is following my lead to talk with state and local government agencies, colleges and universities, trade associations, and energy leaders across the country.
Clean energy technology innovation is taking place across America, but bridging the gap between first pilot project to first commercial-scale deployment continues to be a challenge. Commercial lenders are often unwilling or unable to take on the risk associated with an innovative technology. LPO is able to take time and invest resources to mitigate some of the risk associated with an innovative technology, and to take that risk, when appropriate, because commercial lenders are not willing to fully fund deployment of such technology. We are also here to help revitalize American automotive manufacturing by providing direct loans to manufacturers that produce fuel-efficient vehicles and components for such vehicles.
To date, LPO has supported a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments covering more than 30 projects across the United States. Through the Title XVII program, LPO has recently made available up to $8 billion in loan guarantees for advanced fossil energy projects and up to $4 billion for renewable energy and energy efficiency projects. Through the Advanced Technology Vehicles Manufacturing program, LPO has more than $16 billion in remaining loan authority for advanced technology vehicle and component manufacturing.
Our team of financial, technical, environmental, and legal professionals is hitting the pavement and skies to share information about LPO’s portfolio and programs.
To learn whether representatives from LPO will be in your community, email: firstname.lastname@example.org. Representatives from LPO will hold as many “on-the-road” meetings as time and resources allow, but we might not be able to meet every request. State and local government agencies, colleges and universities, trade associations, and energy professionals that are not able to meet with an LPO team in their community are welcome to schedule a meeting at DOE headquarters in Washington, D.C. by emailing email@example.com.
How Can I Participate?
To learn whether representatives from LPO will be in your community or to request a meeting in Washington, DC, email: firstname.lastname@example.org.