ANNUAL PORTFOLIO STATUS REPORT

Fiscal Year (FY) 2023 marked a second consecutive year of growth for the U.S. Department of Energy (DOE) Loan Programs Office (LPO) portfolio as increased applicant interest and origination activity continued. 

President Biden's Bipartisan Infrastructure Law (BIL) and Inflation Reduction Act (IRA) greatly increased LPO’s ability to finance projects in energy technology, transportation, and critical infrastructure in the United States. LPO has moved diligently and thoughtfully to implement these changes in an effective manner that fulfills the mission of the office while protecting taxpayer resources. 

FY 2023 showed what this new era of opportunities for federal support for low-carbon innovation and new avenues of economic growth can look like. In FY 2023, LPO closed two deals totaling over $5 billion and made conditional commitments to seven prospective borrowers totaling nearly $14 billion. 

Read the full report or view the presentation deck to learn more:  

LPO FY 2023 Annual Portfolio Status Report 

LPO FY 2023 Annual Portfolio Status Report's Presentation Deck