The Department of Energy’s Loan Programs Office (LPO) is going on the road. From Seattle to St. Louis, New York to Nashville, and points in between, members of the LPO team are traveling to as many cities in the U.S. as they can.
The team is following my lead to talk with state and local government agencies, colleges and universities, trade associations, and energy leaders across the country.
Clean energy technology innovation is taking place across America, but bridging the gap between first pilot project to first commercial-scale deployment continues to be a challenge. Commercial lenders are often unwilling or unable to take on the risk associated with an innovative technology. LPO is able to take time and invest resources to mitigate some of the risk associated with an innovative technology, and to take that risk, when appropriate, because commercial lenders are not willing to fully fund deployment of such technology. We are also here to help revitalize American automotive manufacturing by providing direct loans to manufacturers that produce fuel-efficient vehicles and components for such vehicles.
To date, LPO has supported a diverse portfolio of more than $30 billion in loans, loan guarantees, and commitments covering more than 30 projects across the United States. Through the Title XVII program, LPO has recently made available up to $8 billion in loan guarantees for advanced fossil energy projects and up to $4 billion for renewable energy and energy efficiency projects. Through the Advanced Technology Vehicles Manufacturing program, LPO has more than $16 billion in remaining loan authority for advanced technology vehicle and component manufacturing.
Our team of financial, technical, environmental, and legal professionals is hitting the pavement and skies to share information about LPO’s portfolio and programs.
To learn whether representatives from LPO will be in your community, email: lgprogram@hq.doe.gov. Representatives from LPO will hold as many “on-the-road” meetings as time and resources allow, but we might not be able to meet every request. State and local government agencies, colleges and universities, trade associations, and energy professionals that are not able to meet with an LPO team in their community are welcome to schedule a meeting at DOE headquarters in Washington, D.C. by emailing lgprogram@hq.doe.gov.
How Can I Participate?
To learn whether representatives from LPO will be in your community or to request a meeting in Washington, DC, email: lgprogram@hq.doe.gov.
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Peter W. Davidson
Peter W. Davidson served as Executive Director of the Loan Programs Office (LPO) at the U.S. Department of Energy from May 2013 to June 2015. Mr. Davidson oversaw the program’s more than $30 billion portfolio of clean energy and advanced vehicle loans and loan guarantees, making it the largest project finance organization in the U.S. government. Mr. Davidson was responsible for ensuring that the LPO carries out its mission to accelerate the deployment of innovative clean energy projects and domestic advanced vehicle manufacturing. By providing debt capital to a broad range of renewable energy, advanced fossil energy, and nuclear energy projects, as well as advanced vehicle manufacturing facilities, the LPO is supporting economic development across the U.S., promoting an “all-of-the-above” energy strategy, and reducing greenhouse gas emissions.
Prior to leading the LPO, Mr. Davidson was Senior Advisor for Energy and Economic Development at the Port Authority of New York and New Jersey and was the Executive Director of New York State’s economic development agency, the Empire State Development Corporation. Prior to his government service, Mr. Davidson was an entrepreneur who founded and managed six companies in Spanish language and other niche markets, broadcasting, publishing, marketing and digital preferred services. Early in his career he was an executive in the investment banking division of Morgan Stanley & Co.
Since 2001, Mr. Davidson has also been Chairman of the JM Kaplan Fund, a New York City based philanthropic organization. Under his leadership, grant making has focused on reducing New York City’s carbon footprint; supporting immigrant integration in the U.S. and archeological conservation world-wide.
Mr. Davidson has a BA from Stanford University and an MBA from the Harvard Business School.