LPO News

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Getting to Know LPO: Meet the Team that’s Financing and Underwriting the Power of Native Energy
Through its Tribal Energy Finance Program, the DOE Loan Programs Office provides access to loans and loan guarantees to Indian tribes or a tribal energy development organization for energy development.
February 2, 2023
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Getting to Know LPO: What is a Conditional Commitment?
Jigar Shah, Director of the Loan Programs Office, shares information about conditional commitments, which the Department of Energy offers prior to issuing a loan, indicating that the Department expects to support the project.
January 26, 2023
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Revisiting Prior Conditional Commitments: Monolith™ Inc.
In Dec. 2021, Monolith™ Inc. was LPO’s first-ever conditional commitment to fund an advanced fossil project. One year later, LPO continues to work with the borrower to satisfy the conditions necessary to advance the financing.
January 19, 2023
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LPO Announces Conditional Commitment to Ioneer Rhyolite Ridge to Advance Domestic Production of Lithium and Boron, Boost U.S. Battery Supply Chain
DOE's Loan Programs Office (LPO) has offered a conditional commitment to lend up to $700 million to Ioneer Rhyolite Ridge LLC to develop a domestic supply of lithium carbonate for electric vehicle (EV) batteries in Esmeralda County, NV
January 13, 2023
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Overview of the Loan Programs Office
Video courtesy of the Department of Energy

ABOUT LPO

LPO has loans and loan guarantees available to help deploy innovative clean energy, advanced transportation, and tribal energy projects in the United States. Over the past decade, LPO has closed more than $30 billion of deals across a variety of energy sectors. Review our overview and subscribe to our newsletter to keep informed about the program.

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FOR POTENTIAL BORROWERS

LPO provides debt financing for the commercial deployment of large-scale energy projects; however, for research, development, and demonstration (RD&D) and smaller projects, other offices within DOE offer funding and financing opportunities. For example, the Homeowner’s Guide to Going Solar provides valuable information from DOE's Solar Energy Technologies Office about financing home and small commercial solar systems.  

After reading about the respective program's requirements, potential borrowers are encouraged to seek a pre-application consultation to discuss eligibility requirements and the application process directly with LPO staff. Including a brief description of the proposed project in your email is helpful.

To learn more about how LPO likes to work with borrowers and how to eventually apply, visit the LPO Process page. 

AVAILABLE LOANS & LOAN GUARANTEES

Innovative Clean Energy: Fossil Loan Guarantees
Loan guarantees for commercial-scale, innovative fossil projects
Innovative Clean Energy: Nuclear Loan Guarantees
Loan guarantees for commercial-scale, innovative nuclear projects
Advanced Technology Vehicles Manufacturing Loan Program (ATVM)
Direct loans to support U.S. manufacturing of fuel-efficient, advanced technology vehicles and qualifying components
Innovative Clean Energy Loan Guarantees
Loan guarantees for commercial-scale, innovative clean energy projects
Tribal Energy Loan Guarantee Program (TELGP)
Direct loans and partial loan guarantees for tribal energy development projects
Energy Infrastructure Reinvestment
The Energy Infrastructure Reinvestment (EIR) Program (Section 1706) guarantees loans to projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to run more cleanly.
CIFIA
Loan guarantees and grants to deploy carbon dioxide transportation infrastructure

PORTFOLIO

U.S. map with pins on LPO project locations

LPO manages a portfolio comprising more than $30 billion of loans, loan guarantees, and conditional commitments covering more than 30 projects. Overall these loans and loan guarantees have resulted in more than $50 billion in total project investment.

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