Loan Programs Office | U.S. Department of Energy

Wondering what a completed LPO project Community Benefits Plan (CBP) looks like? Check out our new CBP homepage (Energy.gov/LPO/CBP) where today LPO published comprehensive CBPs for several projects that have recently finalized financing from DOE: https://lnkd.in/gsxMspvk Publishing CBPs for projects receiving LPO loans or loan guarantees increases the transparency of the community engagement process and demonstrates how LPO’s investments deliver tangible benefits to communities across the country. On the heels of U.S. Department of Energy (DOE) Justice Week 2024, releasing full CBPs also underscores LPO’s commitment to community engagement and centering community voices. The published CBPs are from three LPO projects that have reached financial close since the start of FY2024 and which together will support over 400 construction jobs and over 2,800 operations and maintenance jobs: • CelLink: https://lnkd.in/gqisugcK • Holtec Palisades: https://lnkd.in/gQ3nRa3Z • Viejas Microgrid: https://lnkd.in/giUVVyqM Learn more about LPO’s focus on supporting American clean energy workforce development at Energy.gov/LPO/Community and be sure to sign up for our quarterly “Community Jobs & Justice” newsletter to keep up with the latest news about how LPO is working to power communities all across the nation: https://lnkd.in/g8YC94-d LEARN MORE: • Read the full announcement about the new CBP page: https://lnkd.in/gsxMspvk • LPO's new Community Benefits Plans homepage: Energy.gov/LPO/CBP • CelLink CBP: https://lnkd.in/gqisugcK & LPO Project Page: Energy.gov/LPO/CelLink • Holtec Palisades CBP: https://lnkd.in/gQ3nRa3Z & LPO Project Page: Energy.gov/LPO/Palisades • Viejas Microgrid CBP: https://lnkd.in/giUVVyqM & LPO Project Page: Energy.gov/LPO/Viejas • LPO Community Jobs and Justice Homepage: Energy.gov/LPO/Community • About DOE Community Benefits Plans: https://lnkd.in/gusa453X • The Biden-Harris Administration's "Investing in America" Agenda: https://lnkd.in/gCFiWyzx • Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #InvestingInAmerica #CommunityJobsJustice #CBP #CommunityBenefitsPlans

Hello from Boulder, CO and LPO's latest financial closing: the LongPath methane emissions monitoring project! (Energy.gov/LPO/LongPath) LPO Director Jigar Shah and ARPA-E Deputy Director for Commercialization Dr. Luis A. Ortiz joined leadership from LongPath Technologies, Inc. on Friday for a demonstration of their innovative technologies and tour of their headquarters following LPO's announcement this week of the closing of a $162.4MM loan guarantee to help finance the construction and installation of more than 1,000 remote monitoring towers nationwide as part of a real-time methane emissions monitoring network. (See: https://lnkd.in/gywBU4SR) The LongPath project is an exemplary model of how LPO and the U.S. Department of Energy (DOE) supports private sector-led, government-enabled clean energy technology deployment—having traveled with DOE all along the "Bridge to Bankability" from initial R&D and scaleup support from ARPA-E and other DOE grants all the way to eventual project financing via LPO's Title 17 Clean Energy Financing program. Thanks to this joint effort, the economic, environmental, and public health benefits of the LongPath Active Emissions Overwatch System network are projected to positively impact communities across the nation. Read the full DOE announcement about the LongPath project here: https://lnkd.in/gywBU4SR and see LPO's LongPath project page for more details: Energy.gov/LPO/LongPath LEARN MORE: • LPO's LongPath Project Page: Energy.gov/LPO/LongPath • LPO Title 17 Clean Energy Financing: https://lnkd.in/gN2jDVbw • The Biden-Harris Administration "Investing in America" Agenda: WhiteHouse.gov/Invest • The U.S. Methane Emissions Reduction Action Plan: https://lnkd.in/gv4xAAfP • Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 • Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingInnovativeCleanEnergy #FinancingMethaneMonitoring #Title17 #InvestingInAmerica #LPONews #FinancialClose

Deploying the latest technological innovations in methane monitoring to address the climate crisis, protect public health, and create good-paying jobs! Today, LPO and the U.S. Department of Energy (DOE) announced the closing of a $162.4MM loan guarantee to LongPath Technologies, Inc. (LongPath) to help finance the construction and installation of more than 1,000 remote monitoring towers nationwide as part of a real-time methane emissions monitoring network. (See: https://lnkd.in/gywBU4SR) The LongPath Active Emissions Overwatch System network aims to deploy large-area remote methane monitors to provide emissions detection, location, and quantification services for tens of thousands of oil and gas sites, supporting emissions monitoring and methane leak reduction well beyond current capabilities, and increasing efficiency and minimizing losses for subscribers. The network will include sites in every major U.S. oil and gas production region, including those in California, Colorado, New Mexico, North Dakota, Oklahoma, Pennsylvania, Texas, and Wyoming. Last year, the Biden-Harris Administration took more than 100 actions under the U.S. Methane Emissions Reduction Action Plan, including the deployment of $350 million in grants under the Methane Emissions Reduction Program, provided by the Inflation Reduction Act. As DOE Secretary Jennifer Granholm says, “Preventing harmful greenhouse emissions from entering our atmosphere is a key pillar of President Biden and Vice President Harris’ Investing in America agenda to improve public health while combatting climate change.” Read the full DOE announcement about the LongPath project here: https://lnkd.in/gywBU4SR and see LPO's LongPath project page for more details: Energy.gov/LPO/LongPath LEARN MORE: • LPO's LongPath Project Page: Energy.gov/LPO/LongPath • LPO Title 17 Clean Energy Financing: https://lnkd.in/gN2jDVbw • The Biden-Harris Administration "Investing in America" Agenda: WhiteHouse.gov/Invest • The U.S. Methane Emissions Reduction Action Plan: https://lnkd.in/gv4xAAfP • Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 • Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingInnovativeCleanEnergy #FinancingMethaneMonitoring #Title17 #InvestingInAmerica #LPONews #FinancialClose

The latest, updated, expanded #Deploy24 agenda is live! Explore session topics and other new content on DeployTogether.com, register to join clean energy leaders from LPO, DOE, and the private sector in Washington, D.C. this December 4-5, and be sure to follow Demonstrate Deploy Decarbonize for the latest news ahead of the event! #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #DemonstrateDeployDecarbonize #DeployTogether #Deploy24

The October 2024 issue of LPO's monthly newsletter is out! Read the email newsletter at: https://lnkd.in/gpnkW_Up IN THIS ISSUE: Message from the Director • Recent Deal Announcements: Palisades, EVgo, Marahu • Advanced Nuclear Liftoff Update • 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

Boosting domestic EV supply chains, supporting consumer safety, and creating good-paying, high-quality American jobs! (See: https://lnkd.in/g8NjbexH) Today, LPO announced a conditional commitment for a direct loan of up to $670.6 million to Aspen Aerogels to help finance the construction of an aerogel blanket manufacturing facility in Register, Georgia. Aspen’s PyroThin® aerogel thermal barriers are used as a protective layer within electric vehicle (EV) batteries, enabling EV manufacturers to achieve critical battery safety goals. This project helps the U.S. meet expected future demand for EV adoption and reinforces the Biden-Harris administration’s "Investing in America" agenda to onshore and re-shore domestic manufacturing technologies that are critical to meeting the administration’s goal that half of all new vehicles sold in 2030 are zero-emissions vehicles. Operating at full capacity, the Georgia factory is expected to supply thermal barriers for over 2 million vehicle batteries annually and—in support of the administration’s efforts to deliver good-paying, high-quality jobs to communities across the country—is expected to create up to 550 construction jobs and 255 permanent, full-time operations jobs, boosting the regional economy. This project adds to the nearly 16 million jobs created since President Biden and Vice President Harris took office. As with all conditional commitments that LPO offers, it's important to note that while this conditional commitment indicates the U.S. Department of Energy (DOE)'s intent to finance the project, DOE and the company must satisfy certain technical, legal, environmental, and financial conditions before the Department enters into definitive financing documents and funds the loan. LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • Advanced Transportation Financing via LPO's Advanced Technology Vehicles Manufacturing (ATVM) Loan Program: Energy.gov/LPO/ATVM • The Biden-Harris Administration's "Investing in America" Agenda: WhiteHouse.gov/Invest • Read about other project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 • Explore LPO's full portfolio of projects: https://lnkd.in/gDnF2A6W #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingAdvancedVehicles #FinancingEVComponents #FinancingSupplyChains #ATVM #InvestingInAmerica #LPONews #ConditionalCommitment

Utility-scale solar generation + reliable storage capacity = improved grid resilience + reduced energy costs for Puerto Rico! Today, LPO and the U.S. Department of Energy (DOE) announced the closing of a $861.3MM loan guarantee 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. (See: https://lnkd.in/gvwc8U-R) As DOE Secretary Jennifer Granholm puts it, “Today’s announcement will help add up to 200 megawatts of solar generation and another 285 megawatts of reliable storage capacity to Puerto Rico’s electric grid to improve the grid’s resilience and help reduce energy costs that have remained too high for too long for too many families—all while enabling the Commonwealth to reach its ambitious climate goals.” Marahu represents the second financial close of a project financed via LPO's Energy Infrastructure Reinvestment (EIR) program, which was created by the Inflation Reduction Act (IRA) to finance projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or greenhouse gas emissions. (Energy.gov/LPO/EIR) Read the full DOE announcement here: https://lnkd.in/gvwc8U-R and see LPO's Marahu project page for more details: https://lnkd.in/g3a_MGJg LEARN MORE: • LPO's Marahu Project Page: https://lnkd.in/g3a_MGJg • LPO Energy Infrastructure Reinvestment (EIR) Program: Energy.gov/LPO/EIR • LPO Title 17 Clean Energy Financing: https://lnkd.in/gN2jDVbw • The Biden-Harris Administration "Investing in America" Agenda: WhiteHouse.gov/Invest • Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 • Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingRenewablesDeployment #FinancingPVSolar #FinancingStorage #Title17 #EIR #InvestingInAmerica #LPONews #FinancialClose

LPO's latest Monthly Application Activity Report (MAAR) shows another record-setting amount of cumulative requested financing for proposed clean energy, energy infrastructure reinvestment, advanced transportation, tribal energy, and CO2 transportation infrastructure projects across the country. As of September 30, 2024, LPO's pipeline of pre-conditional commitment, active applications has surpassed $300B for the first time ever—even amidst a series of recently announced conditional commitments and financial closes on loans—demonstrating consistently growing nationwide interest in LPO's private sector-led, government-enabled financing programs. See the full report: https://lnkd.in/g3ucm3Fb and learn more about LPO's financing programs: https://lnkd.in/g7M-QTwp 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

Charging up America's EV future! (https://lnkd.in/gKaRt_CZ) Today, LPO announced a conditional commitment for a loan guarantee of up to $1.05 billion to EVgo to expand public electric vehicle (EV) charging infrastructure across the United States. If finalized, the loan guarantee will support EVgo’s deployment of approximately 7,500 charging stalls—featuring high-power 350kW chargers that are each capable of charging two EVs simultaneously—at roughly 1,100 charging stations throughout the U.S. LPO’s conditional commitment to EVgo is part of the Biden-Harris Administration’s broader efforts to make EV charging more accessible to residents across the country. President Biden set a goal to build a network of 500,000 publicly available EV chargers by 2030 to support the adoption of EVs and the development of a U.S. supply chain, creating good-paying jobs in manufacturing, installation, operations, and maintenance in all pockets of the country. The U.S. is on track to achieve this goal years early, having recently doubled the number of publicly available EV chargers since the beginning of this administration, with over 196,000 publicly available chargers operational. The Biden-Harris administration and DOE are building towards a future where EVs are affordable and accessible in every part of the country. 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. For more details, read the full EVgo conditional commitment announcement: https://lnkd.in/gKaRt_CZ LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • The Biden-Harris Administration's "Investing in America" Agenda: https://lnkd.in/gCFiWyzx • LPO's Title 17 Clean Energy Financing Program: Energy.gov/LPO/Title-17 • LPO's Tech Talk on Electric Vehicle & Fleet Charging: https://lnkd.in/dKVF3XAy • Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 • Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #InvestingInAmerica #FinancingEVCharging #Title17 #LPONews #LPOPortfolio #ConditionalCommitment

On the heels of this week's landmark Holtec Palisades nuclear energy project announcement (https://lnkd.in/gWi8EQA9), be sure to join leaders from across the U.S. Department of Energy (DOE) at 9:30 am EDT this coming Friday, October 4, 2024 for a free public webinar discussing the newly released Update to the Advanced Nuclear Pathways to Commercial Liftoff Report: https://lnkd.in/g47g3jZU Among other findings, the updated Advanced Nuclear Liftoff report finds that U.S. nuclear capacity has the potential to triple from ~100 GW in 2024 to ~300 GW by 2050 and that nuclear has an essential role in the energy transition as a clean, firm complement to renewables. Webinar speakers will include: • Dr. Vanessa Z Chan, Chief Commercialization Officer & Director, DOE Office of Technology Transitions (OTT) • Kelly Cummins, Acting Director, DOE Office of Clean Energy Demonstrations (OCED) • Jigar Shah, Director, DOE Loan Programs Office (LPO) • Julie Kozeracki, Director of Strategy, DOE Loan Programs Office (LPO) Register today for this free, public webinar at: https://lnkd.in/g47g3jZU (**Please note that pre-registration is required to receive the virtual meeting link.) See the Advanced Nuclear Liftoff report page for a summary of the updated findings, to download the updated and original reports, and to watch the first report webinar: https://lnkd.in/gwuSPwWt 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. #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingAdvancedNuclear #FinancingNuclearEnergy #LPOEvents #LPOWebinar #Liftoff