** HIRING ALERT! LPO is currently hiring for two senior roles: Deputy Director of Origination (https://lnkd.in/gqeXWbcq) and Deputy Director of Portfolio Management (https://lnkd.in/g2TPhsia) Read more about each position below, share with anyone you think may be qualified & interested, and apply today—the hiring window closes Sunday, August 4, 2024! _____ Are you interested in working to make a meaningful impact in fighting climate change, creating jobs, and supporting American global leadership in clean energy? If so, consider joining the team at LPO! (See: Energy.gov/LPO/Careers) Along with other opportunities, LPO is currently looking for a Deputy Director to join our Origination Division: https://lnkd.in/gqeXWbcq and a Deputy Director to join our Portfolio Management Division: https://lnkd.in/g2TPhsia As a Deputy Director of LPO's Origination Division, you will manage and provide policy on integrating project finance, marketing analysis, financial modeling, and new technology project risk evaluation results into comprehensive and defensible loan transactions. The role requires well-developed leadership abilities, business acumen, and negotiation skills to lead teams developing the terms and conditions governing large, complex federal loans. As a Deputy Director of LPO's Portfolio Management Division (PMD), you will serve as the Department's chief oversight manager for approved DOE loan guarantees, and directs the organizational activities of the division. The Deputy Director of PMD exercises management authority over the life cycle of an approved loan subsequent to financial close through the final payment of the guaranteed debt obligation or expiration of the loan guarantee. This oversight responsibility is expected to evolve over several decades as approved projects move from design, engineering, and construction phases into operating phases of the project life cycle. Full job details and application instructions may be found at the official vacancy announcements at: https://lnkd.in/gqeXWbcq and https://lnkd.in/g2TPhsia NOTE: Applications will be accepted for both positions through Sunday, August 4, 2024. To search other career opportunities with LPO, go to: Energy.gov/LPO/Careers #DOELPO #DeployDeployDeploy #BridgeToBankability #OpenForBusiness #LPONews #LPOTeam #LPOJobs
DOE Loan Programs Office
Financial Services
Washington, DC 15,190 followers
LPO: Building a Bridge to Bankability
About us
The Department of Energy’s Loan Programs Office (LPO) provides attractive debt financing for high-impact, large-scale energy infrastructure projects in the United States. LPO has issued tens of billions of dollars in strategic debt financing to transform the energy and transportation economy to benefit Americans. LPO's mandate is to administer loan programs that: 1) Provide a bridge to bankability for large-scale, high-impact clean energy and supply chain projects that help energy technologies deploy at scale and advance America’s energy and economic future. 2) Enable expansion of America’s domestic energy manufacturing by meaningfully advancing energy and supply chain projects that support, onshore, or re-shore supply chains projects; build a domestic energy workforce; and bolster American supply chain competitiveness. 3) Make the clean energy transformation affordable and achievable for workers, consumers, and communities by creating quality jobs in domestic clean energy industries, promoting energy affordability, and ensuring all energy communities stand to benefit from the clean energy transformation. LPO FINANCING PROGRAMS: > TITLE 17 CLEAN ENERGY FINANCING (Energy.gov/LPO/Title-17) Supports clean energy deployment & energy infrastructure reinvestment to reduce greenhouse gas emissions and air pollution. Title 17 includes four project categories: • Innovative Energy Projects • Innovative Supply Chain Projects • State Energy Financing Institution (SEFI)–Supported Projects • Energy Infrastructure Reinvestment Projects > ADVANCED TRANSPORTATION FINANCING (Energy.gov/LPO/ATVM) Loans to support the manufacturing of eligible vehicles and qualifying components. > TRIBAL ENERGY FINANCING (Energy.gov/LPO/Tribal) Financing to support tribal investment in energy-related projects. > CO2 TRANSPORTATION INFRASTRUCTURE FINANCING (Energy.gov/LPO/CIFIA) Financing for large-capacity, common-carrier carbon dioxide (CO2) transport projects. LEARN MORE AT: Energy.gov/LPO
- Website
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http://www.energy.gov/LPO
External link for DOE Loan Programs Office
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 2005
Locations
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Primary
U.S. Department of Energy LP 10
1000 Independence Avenue SW
Washington, DC 20585, US
Employees at DOE Loan Programs Office
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Jigar Shah
Jigar Shah is an Influencer Director @ DOE Loan Programs Office | Project Finance
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Susan Gladwin
Sr. Advisor DOE LPO | Chief Growth Officer | Climate Tech Investor | Board Member | Sustainability Strategist
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Hans Riemer
Leading state engagement to advance clean energy projects at the DOE Loan Programs Office
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David Lauricella
Program Coordinator @ DOE Loan Programs Office
Updates
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This coming Wednesday, July 31, 2024 from 10:30am-11:30am CDT, the Texas Economic Development Council (TEDC) is hosting LPO Senior Consultant Tom Hucker for a webinar on funding opportunities for Texas clean energy projects. Learn about how your company can access debt financing for energy-related projects in Texas including renewable energy, battery storage, hydrogen, nuclear, building renovation, EV charging, biofuels, critical minerals & mining, and more! Register by Monday, July 29 for this webinar entitled "The Inflation Reduction Act: Taking Advantage of Historic Federal Funding Opportunities": https://lnkd.in/gn-95wEK LEARN MORE: • How the Inflation Reduction Act (IRA) bolstered LPO's ability to support American clean energy, advanced transportation, energy infrastructure reinvestment, tribal energy, and CO2 transportation infrastructure projects across the country: Energy.gov/LPO/IRA • Read about all of LPO's financing programs at: https://lnkd.in/g7M-QTwp • Browse a list of other upcoming LPO outreach events at: Energy.gov/LPO/Events #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #IRA #LPOEvents
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Decarbonizing American industry & creating American jobs! (see: https://lnkd.in/gQ8Mx7cM) Today, LPO announced a conditional commitment for a loan guarantee of up to $182.6 million to International Recycling Group Erie (IRG Erie) to finance the construction of a plastics recycling facility in Erie, Pennsylvania, and an injection system tower at a steel manufacturing facility in northwest Indiana. The new recycling facility will mechanically recycle PET, HDPE, and polypropylene polymers, and produce about 20,000 tons per year of CleanRed™ from residual plastic output. CleanRed™ can reduce greenhouse gas (GHG) emissions in the steelmaking process by replacing a portion of coking coal used in blast furnaces or anthracite coal used in electric arc furnaces. The CleanRed™ produced by the facility will be used by an integrated steel manufacturer in its site in northwest Indiana. IRG Erie will be the first company in the U.S. to produce and sell a plastic-waste-based iron reducing agent to a domestic steel manufacturer, helping to solidify America’s position as the global leader in low-carbon iron and steel products. The U.S. steel production industry accounts for 7% of national GHG emissions. Assuming a 14% replacement rate of coking coal used in blast furnaces, using CleanRed™ will result in a 24% reduction in GHG emissions from this process—helping move the steel sector toward net-zero emissions. Today’s announcement supports President Biden’s Investing in America agenda by creating an estimated 334 construction jobs, including 304 jobs at the Erie plant site and 30 jobs to build the injection system at the steelmaker’s site in Indiana. The project will also create 221 operations jobs in Erie and northwest Indiana. As with all conditional commitments that LPO offers, it's important to note that while this announcement demonstrates an intent to finance the project, the expected U.S. Department of Energy (DOE) financing will only be issued pending the satisfaction of certain conditions—including final legal, contractual, technical, and financial requirements—that the conditional commitment specifies. LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • President Biden's "Investing in America" Agenda: WhiteHouse.gov/Invest • Read about other LPO project announcements: https://lnkd.in/g23s_Uk4 • How LPO's Title 17 Clean Energy Financing Program is financing innovative energy projects across sectors: https://lnkd.in/gN2jDVbw • See how LPO can help support renewable fuels & chemical projects: https://lnkd.in/gBv4ja7G • Info about DOE's Clean Fuels & Products Earthshot: https://lnkd.in/eUaZijby #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanProducts #Title17 #InvestingInAmerica #LPONews #ConditionalCommitment
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Building a more resilient grid & powering communities with clean energy across La Isla del Encanto! (See: https://lnkd.in/gnZe7sNv) Today, LPO announced a conditional commitment for a loan guarantee of up to $861.3 million to Clean Flexible Energy, LLC via the Title 17 Energy Infrastructure Reinvestment (EIR) program to finance the construction of two solar photovoltaic (PV) farms equipped with battery storage and two standalone battery energy storage systems (BESS) in Puerto Rico. The facilities will be located in the municipalities of Guayama (Jobos) and Salinas and will help deliver clean, reliable, and affordable power throughout island. As part of President Biden’s Investing in America agenda to create good-paying, high-quality job opportunities in communities across the country, this project will support approximately 750 construction jobs and over 50 full-time jobs once fully operational. Today’s announcement also reinforces the Biden-Harris Administration’s deep commitment to rebuilding and modernizing Puerto Rico’s electric grid. Project Marahu will play an integral role in improving Puerto Rico’s energy resilience and affordability by supporting the retirement of fossil fuel power plants reliant on imported fuel and increasing renewable energy generation. Collectively, the project comprises 200 MW of solar PV and up to 285 MW (1,140 MWh) of stand-alone BESS capacity and will produce approximately 460,000 MWh of energy annually, enough to power approximately 43,000 homes. The project will generate power directly to Puerto Rico’s grid and provide energy storage benefits necessary for Puerto Rico’s goal of achieving 100% clean energy resources by 2050. As with all conditional commitments that LPO offers, it's important to note that while this announcement demonstrates an intent to finance the project, the expected U.S. Department of Energy (DOE) financing will only be issued pending the satisfaction of certain conditions—including final legal, contractual, technical, and financial requirements—that the conditional commitment specifies. LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • President Biden's "Investing in America" Agenda: WhiteHouse.gov/Invest • How LPO's Title 17 Clean Energy Financing Program is financing innovative energy projects across sectors: https://lnkd.in/gN2jDVbw • Learn more about Energy Infrastructure Reinvestment (EIR) Projects: https://lnkd.in/g7MMhauW • Read about other LPO project announcements: https://lnkd.in/g23s_Uk4 #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingRenewablesDeployment #FinancingPVSolar #FinancingStorage #Title17 #EIR #InvestingInAmerica #LPONews #ConditionalCommitment
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Another heartland manufacturing project supercharging America's domestic electric vehicle (EV) supply chain! (See: https://lnkd.in/gPGHFYKC) Today, LPO announced a conditional commitment of up to $1.2 billion for a direct loan to ENTEK Lithium Separators LLC (ENTEK International) to substantially finance a new facility in Terre Haute, Indiana to manufacture lithium-ion battery separators. A battery separator is a membrane sandwiched between the anode and cathode of a battery. The principal functions of the battery separator are to prevent electronic conduction (i.e., shorts or direct contact) between the anode and cathode while permitting ionic conduction via the electrolyte. Separators play an essential role in the performance and safety of lithium-ion batteries. This project will make a significant contribution to growth in domestic battery separator capacity and help U.S. EV manufacturers satisfy battery component sourcing requirements under the 30D Clean Vehicle Credit. The tax credit, included in President Biden's Inflation Reduction Act (IRA), offers up to $7,500 for the purchase of new clean vehicles. The ENTEK project is expected to create 763 construction jobs and 635 operational jobs and reinforces the President Biden's Investing in America agenda to onshore and re-shore domestic manufacturing technologies that are critical to meeting the Biden-Harris Administration’s goal that half of all new vehicles sold in 2030 are zero-emissions vehicles. Today’s announcement also supports the President’s comprehensive strategy to build a safer, more sustainable transportation system and slash all greenhouse emissions from the transportation sector by 2050. As with all conditional commitments that LPO offers, it's important to note that while this announcement demonstrates an intent to finance the project, the expected U.S. Department of Energy (DOE) financing will only be issued pending the satisfaction of certain conditions—including final legal, contractual, technical, and financial requirements—that the conditional commitment specifies. LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • President Biden's "Investing in America" Agenda: WhiteHouse.gov/Invest • LPO's Advanced Technology Vehicles Manufacturing direct loan program homepage: Energy.gov/LPO/ATVM • Read about other LPO project announcements: https://lnkd.in/g23s_Uk4 #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingAdvancedVehicles #FinancingEVComponents #FinancingSupplyChains #ATVM #InvestingInAmerica #LPONews #ConditionalCommitment
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LPO's project application pipeline (see: https://lnkd.in/gSZ_9pKz) shows 214 active applications seeking a cumulative of $285.7 billion in financing through June 30, 2024 for proposed clean energy, energy infrastructure reinvestment, advanced transportation, tribal energy, and CO2 transportation infrastructure projects across the country. This monthly report breaks down LPO's active applications across 14 broad technology sectors and their proposed project sites across eight geographic regions. See LPO's MAAR page for these breakdowns, examples of what types of technologies are included within each of the tech sector categories used for the reporting, and the current estimated remaining loan authority for each LPO financing program: Energy.gov/LPO/MAAR #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingEnergyInfrastructureReinvestment #FinancingAdvancedTransportation #FinancingTribalEnergy #FinancingCO2TransportationInfrastructure #LPOMAAR
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** HIRING ALERT: Are you interested in working to make a meaningful impact in fighting climate change, creating jobs, and supporting American global leadership in clean energy? If so, consider joining the team at LPO! Energy.gov/LPO/Careers Along with other opportunities, LPO is currently looking for a Budget Analyst to join our Management & Operations Division: https://lnkd.in/gvxqBpVK As a Budget Analyst with LPO, you will: • Perform administrative and analytical duties relative to the formulation, justification, presentation, execution and review of one or more assigned areas of the budget. • Consolidate data for viable overview of financial status of assigned organizational programs. • Conduct budgetary reviews and analyses in support of programs, and organizational and management needs and objectives. • Prepare financial reports and analyzes and reviews annual, multi-year and no year financial performance for assigned organization/program. • Identify trends, material weaknesses, problems and discrepancies, and determine if adjustments or corrections are needed. • Record and analyze approved funding data ensuring that data are complete, recorded accurately, and that errors are identified and resolved. Full job details and application instructions may be found at the official vacancy announcement: https://lnkd.in/gvxqBpVK To search other opportunities with LPO, go to: Energy.gov/LPO/Careers NOTE: Applications will be accepted from Monday, July 1, 2024 through Monday, July 8, 2024. #DOELPO #DeployDeployDeploy #BridgeToBankability #OpenForBusiness #LPONews #LPOTeam #LPOJobs
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The June 2024 issue of LPO's monthly newsletter is out! Read the email newsletter at: https://lnkd.in/gkZtqRzD IN THIS ISSUE: Bioforge Conditional Commitment • Offshore Wind Liftoff Report • Understanding EIR • Storage Sector Spotlight • And More! Check out this latest issue here on LinkedIn or subscribe to have the newsletter and other LPO announcements sent directly to your email inbox: https://lnkd.in/gcKPCYev By subscribing, you can stay up to date with the latest from the DOE Loan Programs Office, including announcements about our financing programs, upcoming events, news about our portfolio projects, and ways to engage with our team about your project. #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingEnergyInfrastructureReinvestment #FinancingAdvancedTransportation #FinancingTribalEnergy #FinancingCO2TransportationInfrastructure #LPONews
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** UPDATE: This application closing deadline has been extended to Monday, July 8, 2024. ** HIRING ALERT: Are you interested in working to make a meaningful impact in fighting climate change, creating jobs, and supporting American global leadership in clean energy? If so, consider joining the team at LPO! Energy.gov/LPO/Careers Amongst other opportunities, LPO is currently looking for a Supervisory Loan Specialist to join our Portfolio Management Division. As a Supervisory Loan Specialist, you will be integral to the complex management and oversight of a multi-billion dollar portfolio comprised of federal loans and loan guarantees invested in advanced energy and vehicle technology projects. For this role, we're looking for a seasoned manager with experience in compliance, internal assessment, enterprise risk management, as well monitoring compliance with Davis-Bacon Act (DBA), and other federal regulatory requirements. Full job details and application instructions may be found at the official vacancy announcement: https://lnkd.in/gAMUSwF2 and for more opportunities with LPO see: Energy.gov/LPO/Careers NOTE: Applications will be accepted from Monday, June 24, 2024 through Monday, July 8, 2024. #DOELPO #DeployDeployDeploy #BridgeToBankability #OpenForBusiness #LPONews #LPOTeam #LPOJobs
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A reminder to join senior leaders from the U.S. Department of Energy (DOE) this Tuesday, June 25, 2024 at 3:00 pm EDT for a deep-dive webinar discussing the recently released Pathways to Commercial Liftoff report for Offshore Wind. Register today for this free, public, hourlong webinar at: https://lnkd.in/gpN4-5RY ** Please note that pre-registration is required to receive the virtual meeting link. The "Pathways to Commercial Liftoff: Offshore Wind" report describes how the U.S. offshore wind sector is adapting to challenges and poised for continued progress to create tens of thousands of new, good-paying jobs and expand access to clean energy for millions of Americans, with a path to deploying over 100 gigawatts (GW) by 2050. Some key findings from this latest report include: • The U.S. offshore wind market is at an inflection point, with improved risk mitigation being built into industry planning. • The sector is poised for Liftoff, beginning with 10–15 GW of projects that have a path to final investment decision in the next few years. • While costs increased over the past few years, there is a path to cost reductions moving forward. • Offshore wind power has a compelling and distinctive value proposition that complements other clean resources, with high capacity factors and strong winter production that support grid reliability and resource diversity. The DOE Pathways to Commercial Liftoff Reports are the product of comprehensive stakeholder engagement combining system-level modeling with project-level financial analysis. While they do not represent official DOE policy or strategic plans, they serve as crucial resources for decision-makers in the energy sector, investors, and a broader range of stakeholders. See Liftoff.Energy.gov for more information. LEARN MORE: • Read the full DOE press release announcing the report: https://lnkd.in/gitNPrSc • Read the Offshore Wind Liftoff report summary page: https://lnkd.in/gydpinAZ • Download the full report: https://lnkd.in/gjPt5mEk • Download the two-page summary: https://lnkd.in/gVjGfxBJ #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingOffshoreWind #LPOEvents #LPOWebinar #Liftoff
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