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. 

While significant capital is available for decarbonization technologies, these projects can still lack access to adequate debt capital. LPO fills this gap in commercial deployment by serving as a bridge to bankability for innovative and high-impact energy technologies, providing them with access to needed loans and loan guarantees when private lenders cannot or will not until a given technology has reached full market acceptance.

LPO provides a bridge to bankability for those technologies to cross the final milestones to commercialization:

• The first commercial-scale deployment, to address the engineering scale-up challenges and demonstrate technology effectiveness at scale;
• The next few commercial-scale deployments, to demonstrate the ability to mitigate construction risks and address engineering optimization;
• Commercial scale-up, to progress along the learning curve, lower costs, and establish customer demand;
• Commercial debt market education, to overcome private debt market misunderstanding and gain commercial debt access.

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.

Moving forward, Title XVII has nearly $24 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.