Introducing the Energy Dominance Financing (EDF) Program
Created by the Working Families Tax Cut, and thanks to President Trump, the Department of Energy Loan Program Office’s revamped and renamed Energy Dominance Financing Program is a core pillar to the Administration’s strategy to win the global AI race with common-sense approaches to increasing the nation’s energy supply through new eligibility for clean coal and oil and gas power-generated projects, securing critical mineral supply chains, and reinvigorating the nuclear industry.
The Energy Dominance Financing Program (Section 1706 or EDF Program) guarantees loans to projects that add energy to the grid or enhance reliability. The program finances projects that:
- Retool, repower, repurpose, or replace energy infrastructure that have ceased operations;
- Enable operating infrastructure to increase capacity and output; or
- Support or enable the provision of known or forecastable electric supply at time intervals necessary to maintain or enhance grid reliability or other system adequacy needs
The Energy Dominance Financing Program can also finance critical materials projects and secure America’s critical minerals supply chain, reflecting the important applications of critical minerals and materials across the energy sector.
The Energy Dominance Financing Program can support a wide range of outcomes, including:
- Upgrading or uprating energy infrastructure so it can restart or operate at higher output
- Replacing retired energy infrastructure with new energy infrastructure to increase power available to the grid
- Building new dispatchable or baseload power generation facilities
- Maintaining, enhancing, or replacing electric grid and transmission infrastructure.
Possible Energy Dominance Financing Project Areas
The following is a set of project types that could be eligible for the Energy Dominance Financing Program, subject to LPO review. These examples are neither exhaustive nor limiting.
- Building new generation facilities that provide dispatchable or baseload power such as nuclear, coal, oil, gas, geothermal, and hydropower
- Retired power plant (or other qualifying energy infrastructure) retooled, repowered, repurposed or replaced with:
- Nuclear energy
- Oil, gas, or coal generation
- Critical materials and minerals production and/or processing
- Grid resilience technology, distributed energy, and/or energy storage
- Transmission interconnection to off-site energy generation
- New manufacturing facilities for energy products or services
- Reconductoring transmission lines and upgrading voltage
- Replacing oil and gas pipelines
- Upgrading or retrofitting refineries
- Upgrading or uprating existing generation facilities
** Please note that additional EDF program details and application requirements will be available soon as guidance documents are published and rulemaking is completed.
Next Steps
If you have a project that may be eligible for financing through the Energy Dominance Financing Program, please request a no-cost pre-application consultation.