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LPO Blog

December 17, 2015
LPO Blog
Financing Innovation is Preventing Emissions Now and in the Future

Today, the Department’s Loan Programs Office (LPO) released a report highlighting the role it has played in financing commercial-scale deployments of energy technology innovation that are already helping the U.S. to reduce carbon dioxide emissions. As of September 2015, the clean energy and auto manufacturing projects in LPO’s portfolio have avoided nearly 25 million metric tons of carbon dioxide emissions. This is equivalent to taking 5.28 million gasoline-powered cars off the road.

December 16, 2015
LPO Blog
Loan Guarantee Recipient Awarded Top Renewable Plant

Desert Sunlight, a 550-megawatt (MW) photovoltaic (PV) solar power plant located in Riverside County, California, was designated a Top Renewable Plant by POWER Magazine, which has been covering the power industry for more than 132 years.

October 21, 2015
LPO Blog
DOE Finalizes $1 Billion in New Loan Guarantee Authority and Announces New Application Dates

The Department of Energy's Loan Programs Office announced that $1 billion of additional loan guarantee authority has been finalized and application deadlines have been extended for the Advanced Fossil Energy Projects and Renewable Energy and Efficient Energy Projects solicitations.

August 25, 2015
LPO Blog
President Obama Announces LPO Support for Distributed Energy Projects

At the National Clean Energy Summit in Nevada, President Obama announced how the Loan Programs Office (LPO) can support distributed energy generation. LPO has released supplements to its existing Renewable Energy and Efficient Energy (REEE) Projects and Advanced Fossil Energy Projects solicitations to provide guidance on the kinds of Distributed Energy Projects and project structures it can support under the Title XVII loan program. In addition, the President announced that LPO has initiated the process to increase the loan guarantees available under the REEE and Advanced Fossil Energy Projects solicitations by up to an additional $1 billion.

August 19, 2015
Message from New LPO Executive Director Mark McCall

As financing becomes an increasingly important aspect of continuing clean energy’s rapid growth, I could not have picked a better time to join the Department’s Loan Programs Office (LPO).  As one of the nation’s largest project finance organizations with $40 billion in remaining authority, we have the opportunity to do some amazing things.  I am honored to have been selected by President Obama and Secretary Moniz to serve as LPO’s new Executive Director.

July 22, 2015
LPO Blog
Clarifying Technology Eligibility for Title XVII Loan Guarantee Solicitations

LPO has heard from technology providers and project developers with a wide range of exciting technologies and has received a robust pipeline of applications. However, during the course of our conversations with technology providers and project developers, it became clear that we could provide further clarity to potential applicants on the eligibility of projects. LPO has developed and issued supplemental guidance for each of the open Title XVII solicitations.

June 24, 2015
LPO Blog
Financing Vogtle: A Major Achievement for the Loan Programs Office

Executive Director Peter Davidson marked the the end of his tenure at the Department’s Loan Programs Office (LPO) with another major achievement for the program – the announcement that the Department will guarantee $1.8 billion in loans to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power) for the Vogtle advanced nuclear energy project.

May 11, 2015
Deputy Secretary Elizabeth Sherwood-Randall speaks at a meeting during a Business Development Mission to the People's Republic of China.
Clean Energy Finance for Global Cooperation and Competition

In April 2015, Loan Programs Office (LPO) Executive Director Peter Davidson participated in the Obama Administration’s first presidentially-designated Business Development Mission to the People’s Republic China, led by Commerce Secretary Penny Pritzker and Deputy Secretary of Energy Elizabeth Sherwood-Randall. In this blog, he shares his thoughts about how the trip helped the United States move ouragenda with China forward in elevating our global leadership role in deploying clean energy and addressing the threat of climate change.

March 26, 2015
Financing the Growing American Auto Industry

The Department announced a conditional commitment for a $259 million Advanced Technology Vehicles Manufacturing (ATVM) loan to aluminum manufacturer Alcoa, Inc. that would support the company’s Alcoa, Tennessee, manufacturing facility, where the company will produce high-strength aluminum sheet for North American automakers looking to lightweight their vehicles.

February 9, 2015
In 2011, LPO issued loan guarantees to the first 5 PV projects larger than 100 MW in the U.S. An additional 17 projects have been financed since without loan guarantees.
Desert Sunlight is Shining Example of How DOE Loan Guarantees Helped Launch Utility-scale PV Solar Market

LPO helped finance the first five utility-scale PV projects larger than 100 MW in the U.S. With Desert Sunlight now fully operational, all five projects are online, generating clean electricity and repaying loans. The initial investments made by LPO helped build a market that subsequently financed an additional 17 projects larger than 100 MW without help from the Department.

December 10, 2014
LPO Blog
Building an All-of-the-Above Portfolio with Loan Guarantees for Advanced Nuclear Projects

This morning, the Department announced that it is making $12.5 billion in loan guarantees available for Advanced Nuclear Energy Projects. My colleagues in the Loan Programs Office (LPO) and I are following up on this announcement by discussing the role loan guarantees can play in helping to build a strong U.S. nuclear power industry for the future before a gathering of industry professionals at the Nuclear Power International conference.

November 20, 2014
Keeping America Informed About Open Loan Guarantee Solicitations

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.

November 12, 2014
Graphic by <a href="/node/379579">Sarah Gerrity</a>, Energy Department.
Energy Department’s Loan Portfolio Continues Strong Performance While Deploying Innovation

The Energy Department's Loan Programs Office is succeeding in its mission to help finance the first commercial deployments of innovative technologies in the United States.

October 17, 2014
Secretary Moniz (center) tours the Abengoa Biorefinery in Hugoton, Kansas.| Photo Courtesy of Abengoa.
The Journey to Commercializing Cellulosic Biofuels in the United States

In Hugoton, Kansas, a state-of-the-art biorefinery has begun producing 25 million gallons per year of cellulosic ethanol.

September 29, 2014
LPO Blog
Fostering the Next Generation of Nuclear Energy Technology

The Energy Department's Loan Programs Office announced a $12.6 billion loan guarantee solicitation for advanced nuclear energy projects.

August 21, 2014
LPO Blog
Helping to Finance the Future of Clean Coal

Coal remains an important part of the nation’s all-of-the-above energy strategy and advanced fossil energy technologies will play a large role. The Department is working with the industry to support those innovative technologies from the lab to commercial scale.

August 8, 2014
LPO Blog
Loan Guarantee Recipient Awarded Power Plant of the Year

The Ivanpah Solar Electric Generating System, a DOE loan guarantee recipient, won 2014 Plant of the Year from POWER Magazine.

July 24, 2014
In September 2011, the Department of Energy issued a $1.2 billion loan guarantee to support the construction of California Valley Solar Ranch (CVSR), a 250 MWac photovoltaic (PV) solar generating facility in rural San Luis Obispo County, California. The project reached commercial operation in October 2013.
Loan Guarantees Can Play a Role in Rural Opportunity Investment

When he announced the creation of the White House Rural Council, President Obama said, “Strong rural communities are key to a stronger America.” Strengthening America’s energy generation and transmission will play an important role in this opportunity for rural communities.

July 9, 2014
LPO Blog
Updates to the Section 1703 Loan Guarantee Program
The Department of Energy’s Loan Programs Office (LPO) is announcing two administrative updates to its Section 1703 loan guarantee program. This program was authorized by Title XVII of the Energy Policy Act of 2005 and issues loan guarantees to eligible innovative energy projects. 
July 3, 2014
LPO Blog
New Solicitation Supports U.S. Innovation with Renewable Energy and Energy Efficiency

Today, the Department’s Loan Programs Office (LPO) is kicking off a long weekend of celebrating American independence by announcing a major investment in American energy. The $4 billion Renewable Energy and Efficient Energy Projects Loan Guarantee solicitation  is intended to support the first commercial-scale deployments of the next wave of innovative clean energy technologies.

July 1, 2014
LPO Blog
For Cape Wind, Summer Breeze Makes Offshore Wind Feel Fine

The Department of Energy announced that it has issued a conditional commitment for a $150 million loan guarantee to the Cape Wind Project, which would be the first offshore wind energy project in the U.S. if constructed off Nantucket Sound. It could supply approximately 75 percent of the electricity needs of Cape Cod and the Islands.

June 25, 2014
LPO Blog
One Year into President’s Climate Action Plan, Finance Playing an Important Role

One year ago today, President Obama announced his Climate Action Plan, which called on the United States to be a leader in deploying clean energy.

June 5, 2014
The <a href="/node/801451">Ivanpah Solar Electric Generating System</a> in Ivanpah Dry Lake, California. | Photo by Gilles Mingasson, Getty Images for Bechtel.
The Year of Concentrating Solar Power: Five New Plants to Power America with Clean Energy

Learn about a new report that explains why 2014 is the year for concentrating solar power in the U.S.

May 30, 2014
LPO Blog
Electric Vehicle Manufacturing Taking Off in the U.S.

Recent milestones by Nissan and Tesla highlight the growing demand for advanced technology vehicles and with nearly $16 billion in remaining loan authority, the ATVM Loan Program can play an important role in meeting that demand and the President’s average fuel efficiency goal.

May 7, 2014
LPO Blog
ATVM Loans Help Boost Pickup Truck Efficiency

America’s love of the pickup truck is what makes us so excited by this week’s announcement that Ford has sold its 500,000th 3.5-liter V6 EcoBoost®-equipped F-150 truck. The EcoBoost achievement is the latest success story for the Department’s Loan Programs Office (LPO).