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LPO Blog

May 18, 2016
LPO Executive Director Mark McCall joined colleagues from across the federal government to visit Tesla’s Fremont manufacturing facility, which received a $465 million ATVM loan.
5 Ways Electric Vehicles are Changing the World

U.S. Department of Energy Loan Programs Office (LPO) Executive Director Mark A. McCall presents five of the ways electric vehicles (EVs) can impact the future of transportation in the U.S.

February 26, 2016
Energy By The Numbers: Recovery Act
The Recovery Act and Clean Energy

The Recovery Act sparked America's clean energy revolution. See the progress we've made since 2009 and what's on the horizon.

February 17, 2016
Inspired by iconic New Deal-era posters, the Energy Department’s <a href="/node/28723">Loan Programs Office</a> created its own poster series to highlight projects it helped finance through the Section 1705, Title XVII and ATVM programs. One of LPO's greatest successes has been helping <a href="/node/1430081">launch utility-scale PV solar</a> in the United States.
5 Big Wins in Clean Energy from the Loan Programs Office

The Energy Department's Loan Programs Office guaranteed $16.1 billion in loans to 25 Recovery Act projects. Beautiful illustrated posters celebrate how LPO has helped create jobs and provide clean energy to homes and businesses across America.

February 17, 2016
Video: Recovery Act by the Numbers

The Recovery Act was passed seven years ago today. Learn how it has laid the foundation for America's clean energy future.

February 11, 2016
LPO Blog
Update: How DOE Loan Guarantees Helped Launch the Utility-Scale PV Solar Market

In 2011, the Loan Programs Office (LPO) issued loan guarantees to the first five PV projects larger than 100 megawatts (MW) in the United States. As required by law, LPO stopped issuing new loan guarantees under the Section 1705 Program created by the American Recovery and Reinvestment Act (ARRA) on September 30, 2011. As of February 2016, the initial investments made by LPO helped build a market that subsequently financed an additional 28 PV projects larger than 100 MW in the United States

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.