Through its Title 17 Innovative Clean Energy Projects loan program and Advanced Technology Vehicles Manufacturing (ATVM) loan program, the Department of Energy’s Loan Programs Office (LPO) has financed a portfolio of innovative clean energy projects and advanced technology vehicle manufacturing facilities across the United States. LPO’s portfolio has supported job creation and is preventing harmful CO2 pollution while enhancing American competitiveness in the global economy.

Learn more about LPO's portfolio in the FY2021 Annual Portfolio Status Report


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.

To learn more about the individual projects within LPO’s portfolio please visit Portfolio Projects


Summary of LPO's Climate and Job Impacts

LPO’s Title 17 Innovative Clean Energy Loan Guarantee Program requires that projects avoid, reduce, utilize, or sequester greenhouse gas or air pollutant emissions, while eligible vehicles under the ATVM program must demonstrate improved fuel economy. If LPO’s portfolio of active projects were concentrated in a single state by the energy they generated in 2021, it would rank as the twelfth largest clean energy producer of the fifty states.

Throughout its history, LPO electricity generation projects have combined to generate over 84 million MWh cumulatively, which is equivalent to displacing nearly 40 million tonnes of CO2. Meanwhile, ATVM-supported projects have cumulatively displaced 19.2 billion gallons of gasoline, or the equivalent of 25 million tonnes of CO2.

In addition to catalyzing access to debt capital and reducing emissions, projects financed by LPO have been creating jobs. In total, these projects have created 37,000 permanent jobs. 


LPO’s Portfolio Management Division protects taxpayers interests by closely monitoring each project through construction, completion, and operation to ensure the terms and conditions of the loan documents are satisfied until the loan has been repaid in full. For more information, please visit the Portfolio Management page.


Although its mission, which includes financing innovative clean energy projects technologies, carries some degree of financial risk, LPO has maintained strong financial performance – even when compared with private financing of conventional energy projects in the United States. For each transaction, LPO’s team conducts rigorous due diligence that is comparable to, if not more stringent than, what is done in the private sector.

To learn more about how LPO is achieving its mission of accelerating the deployment of innovative clean energy projects and advanced technology vehicles manufacturing facilities, read the Fiscal Year 2021 Annual Portfolio Status Report.  

LPO Portfolio Performance Summary as of September 30, 2022

Loan and Loan Guarantees Issued $36.26 billion
Conditional Commitments $3.45 billion
Amount Disbursed $31.63 billion
Principal Repaid $13.75 billion
Interest Paid*  $4.32 billion
Actual and Estimated Losses $1.04 billion
Actual and Estimated Losses as % of Total Disbursement 3.3%

* Calculated without respect to Treasury's borrowing cost.