LPO News

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LPO Announces Conditional Commitment to SK Siltron CSS to Expand American Manufacturing of High-Quality Silicon Carbide Wafers for Electric Vehicle Power Electronics
LPO has offered a conditional commitment to SK Siltron CSS, LLC for a $544 million loan to expand American manufacturing of high-quality silicon carbide wafers for electric vehicle power electronics.
February 22, 2024
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LPO Announces Conditional Commitment to ABS to Strengthen America’s Domestic Lithium-ion Battery Manufacturing Base and Supply Ecosystem
LPO has offered a conditional commitment to American Battery Solutions for a $165.9 million loan to help finance the expansion of an advanced battery pack assembly facility at its Springboro, Ohio, and Lake Orion, Michigan, facilities.
February 22, 2024
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How the DOE Loan Programs Office Understands and Manages Portfolio Credit Risk
LPO is a critical partner for the energy industry, and the financing it provides is crucial to supporting projects that help the United States meet its ambitious clean energy deployment and climate goals.
February 8, 2024
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January 2024 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.
February 7, 2024
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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.

Potential applicants are encouraged to engage directly with DOE's Loan Programs Office (LPO) for no-fee, no-commitment consultations to discuss their proposed project and learn about LPO's process before formally applying. During the consultations, LPO will work with you to determine whether the project is eligible for a loan or loan guarantee. See the Request a Pre-Application Consultation page to learn more.

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

Title 17 Clean Energy Financing
Under the Title 17 Clean Energy Financing Program, LPO can provide loan guarantees for projects in the United States that support clean energy deployment and energy infrastructure reinvestment to reduce greenhouse gas emissions and air pollution.
Innovative Energy and Innovative Supply Chain
Clean Energy Financing for projects that deploy innovative clean energy technologies at commercial scale (Innovative Energy) Or Employ innovative manufacturing processes or manufacture innovative technologies at commercial scale (Innovative Supply Chain)
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.
STATE ENERGY FINANCING INSTITUTIONS (SEFI)-SUPPORTED PROJECTS
Through the SEFI category of the Title 17 Clean Energy Financing Program, LPO can provide additional financial support to projects that align federal energy priorities with those of U.S. states
Tribal Energy Financing
Direct loans and partial loan guarantees for tribal energy development projects
Advanced Technology Vehicles Manufacturing (ATVM) Loan Program
Direct loans to support U.S. manufacturing of fuel-efficient, advanced technology vehicles and qualifying components
CIFIA
Loan guarantees and grants to deploy carbon dioxide transportation infrastructure

PORTFOLIO

US map with blue and orange pins at 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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