LPO News

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Getting to Know the Loan Programs Office
Learn about the role of the Loan Programs Office at the Department of Energy
August 12, 2022
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July 2022 Monthly Application Activity Report
The Loan Programs Office (LPO) publishes the LPO Monthly Application Activity Report – a new way to understand the level of interest from applicants for LPO financing, and what technology sectors have been most actively engaged with LPO
August 2, 2022
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Direct Lending for Tribal Energy Projects Implemented
Today, DOE’s Loan Programs Office (LPO) issued an updated solicitation for the Tribal Energy Loan Guarantee Program (TELGP) to implement direct lending authority.
July 29, 2022
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DOE Announces First Advanced Technology Vehicles Manufacturing Loan in More than a Decade
LPO’s $102 Million Loan to Syrah Vidalia Facility in Louisiana Will Support Processing Critical Materials for Lithium-Ion Batteries
July 27, 2022
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Overview of the Loan Programs Office
Video courtesy of the Department of Energy

ABOUT LPO

LPO has more than $40 billion in 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
$8.5 billion in loan guarantee authority for innovative clean energy: fossil projects
Innovative Clean Energy: Nuclear Loan Guarantees
$10.9 billion in loan guarantee authority for innovative clean energy: nuclear projects
Advanced Technology Vehicles Manufacturing Loan Program
$15.1 billion in direct loan authority to support U.S. manufacturing of fuel-efficient, advanced technology vehicles and qualifying components
Innovative Clean Energy Loan Guarantees
$2.5 billion in loan guarantee authority for innovative renewable energy & efficient energy projects
Tribal Energy Loan Guarantee Program (TELGP)
Up to $2 billion in partial loan guarantee authority for tribal energy development projects

PORTFOLIO

US map with pins located on LPO projects

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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