LPO continued to engage with private sector stakeholders in Houston, Texas, for CERAWeek from March 18-22 to highlight LPO’s role in financing the energy transition.
March 26, 2024
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The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) continued to engage with private sector stakeholders in Houston, Texas, for CERAWeek from March 18-22 to highlight LPO’s role in financing the energy transition.
LPO Director Jigar Shah participated in several panels, including “The ‘Capital Transition’ Funding the Energy Transition.” Panelists discussed how the capital transition will unfold, including the availability of private and public capital for existing and emerging technologies.
Shah participated in a dialogue with executives from the power generation and power distribution sectors about how the billions of dollars of energy investment spurred by the passage of President Biden’s Inflation Reduction Act (IRA) have impacted the electricity sector in the panel “IRA at One and a Half Years: What is the impact?”
He also joined the panel “Tripling Nuclear Power by 2050,” which was led by former Energy Secretary Ernest Moniz, to discuss the policy, financing, and collaboration needed to meet the goals set by COP 28’s Declaration to Triple Nuclear Energy. This commitment has recognized and elevated the importance of nuclear energy in reaching a net-zero world. “It's always been the case that in order to decarbonize our electricity grid, and to really double the electricity sales in 2050 at least, that we needed more nuclear power,” Shah said during the panel.
Finally, Shah discussed the market gaps in achieving commercialization for e-fuels and sustainable aviation fuel and how LPO can help bridge those gaps on a panel entitled “Business Unearthed: The Trillion-Dollar Frontier in Solving Climate Challenges.”
Deploy Dialogues
Also at CERAWeek, the Pathways to Commercial Liftoff team hosted three Deploy Dialogues to discuss how DOE is creating a common fact base and a tool for ongoing dialogue with the private sector on the pathways to commercial liftoff for hydrogen, carbon management, and next-generation geothermal. Secretary of Energy Jennifer Granholm announced the Next-Generation Geothermal Power Commercial Liftoff report at the conference.
Deploy Dialogues were launched as part of Deploy23 to provide an independent platform to further dialogue around the Pathways to Commercial Liftoff reports and sectors. Read some of the key takeaways from the Deploy23 Dialogues here. DOE will host several more Dialogues throughout 2024.
Deploy24 Announcement
DOE also announced at CERAWeek that Demonstrate Deploy Decarbonize 2024 (Deploy24) will take place in Washington, D.C., over two days on December 4-5, 2024. Deploy24 is the second annual gathering of decision makers from across the private and public sectors—including senior industry executives, capital allocators, community leaders, and others across the clean energy supply chain—all focused on accelerating the deployment of critical energy and decarbonization technologies and supply chains in the United States.
Hosted by DOE, Deploy24 will build private-public dialogue through a range of unique formats, from keynote addresses to rigorous, off-the-record workshops organized by scalable technology, all with an urgent focus on the immediate opportunities and challenges to accelerating our domestic energy transformation.
Additional information about Deploy24 in-person and virtual participation, exhibitor opportunities, programming, and more will be forthcoming. Prospective attendees can register their interest at liftoff.energy.gov/input and follow Deploy24 updates at the Demonstrate Deploy Decarbonize LinkedIn page.