Hydrogen presents opportunity for both clean power generation, seasonal storage, and advanced transportation. LPO is helping the hydrogen sector cross the bridge to bankability by financing projects like Advanced Clean Energy Storage, a $504.4 million loan guarantee to finance Advanced Clean Energy Storage, a clean hydrogen and energy storage facility capable of providing long-term, seasonal energy storage. 

Illustration of hydrogen project


LPO Tech Talk: Hydrogen
September 21, 2021
This Tech Talk highlights how LPO can provide a bridge to bankability for clean hydrogen technology innovations such as green hydrogen production and infrastructure, integrating hydrogen into existing fossil assets, and transportation.
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Advanced Clean Energy Storage is a first-of-its kind hydrogen production and storage facility capable of providing long-term seasonal energy storage
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DOE Announces First Loan Guarantee for a Clean Energy Project in Nearly a Decade
$504 Million Loan Guarantee to Advanced Clean Energy Storage for World’s Largest Clean Hydrogen and Energy Storage Project in Utah
June 8, 2022
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Innovative Clean Energy Loan Guarantees Gathering Momentum, New Conditional Commitment Offered for Hydrogen Production and Storage Project
DOE's Loan Programs Office today announced a conditional commitment for the Advanced Clean Energy Storage Project, as well as updating its Title 17 Innovative Clean Energy solicitations to make them easier for applicants to navigate.
April 26, 2022
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