The U.S. Department of Energy is authorized to issue loan guarantees pursuant to Title XVII of the Energy Policy Act of 2005.
Eligible projects for the Title XVII program must:
- Utilize a new or significantly improved technology;
- Avoid, reduce or sequester greenhouse gases;
- Be located in the United States; and,
- Have a reasonable prospect of repayment.
Bridging the Innovative Energy Financing Gap
Commercial lenders are often unwilling or unable to take on the risk of supporting the deployment of a new technology until it has a solid history of commercial operation. As a result, the initial commercial deployment of new energy technology is often limited by a project developer’s inability to secure sufficient long-term debt financing to build the project. Title XVII was established to fill this critical role in the marketplace by financing the first deployments of a new technology to bridge the gap for commercial lenders. Once the technology is proven at commercial scale through the first few projects, the Department stops providing financing and lets the private market take over.
Track Record of Success
To date, the Title XVII Innovative Energy Loan Guarantee Program has provided more than $25 billion in loan guarantees to an all-of-the-above energy portfolio of projects. Learn more about projects that LPO has helped to fund at Portfolio Projects.
Title XVII Projects by Technology
Building on Success for the Future
Moving forward, Title XVII has nearly $22 billion available for loan guarantees to accelerate the commercial deployment of innovative energy technology. For projects that are interested in the Title XVII program, visit Title XVII Open Solicitations.