Between 2009 and 2011, LPO guaranteed $16.1 billion in loans to 25 Recovery Act projects that created jobs and are powering American homes with clean energy. Read about five of the biggest success stories.
LPO has more than $40 billion in remaining loan authority to foster clean energy projects and support American advanced vehicle and component manufacturing.
Learn how $8 billion in Advanced Technology Vehicles Manufacturing (ATVM) loans to Ford, Nissan & Tesla have helped strengthen U.S. auto manufacturing throughout the supply chain.
President Obama announced that LPO has issued guidance on the kinds of Distributed Energy Projects it can support through the Advanced Fossil and Renewable solicitations.
With $8 billion in loans and commitments to projects that have supported the production of more than 4 million fuel-efficient cars and more than 35,000 direct jobs across eight states, LPO's Advanced Technology Vehicles Manufacturing (ATVM) loan program has played a key role in helping the American auto industry propel the resurgence of manufacturing in the United States. Read the full report here.
LPO is helping address the global challenge of climate change by providing critical financing needed to deploy some of the world’s largest and most innovative clean energy and advanced technology vehicles manufacturing projects, preventing more than 25 million metric tons of CO2 emissions to date. Read more on Executive Director Mark McCall’s blog post and see the full report here.
In 2011, LPO issued loan guarantees to the first 5 PV projects larger than 100 MW in the United States. Since 2011, an additional 17 PV projects larger than 100 MW have been financed without DOE loan guarantees. Read more on Executive Director Peter Davidson’s blog post or see the full report here.
As of September 2014, more than $810 million of interest has been earned and losses on the portfolio represent approximately 2% of LPO’s total loan and loan guarantee commitments. For more information on LPO’s financial performance, see Executive Director Peter Davidson’s blog post or read the full report here.
January 21, 2016
Secretary Moniz Continues Obama Administration Commitment to American Auto Industry, Releases Advanced Technology Vehicles Manufacturing Report on DOE Successes
August 24, 2015President Obama Announces More Than a Billion Dollars in Energy Department Initiatives to Advance Innovative Clean Energy Technologies
LPO and ARPA-E Initiatives Support America’s Growing Low-Carbon Economy and Combat Climate Change
June 24, 2015Energy Department Issues Remaining $1.8 Billion in Loan Guarantees for Vogtle Advanced Nuclear Energy Project
To further support the construction of two advanced nuclear reactors at the Alvin W. Vogtle Electric Generating Plant, the Department of Energy announced today it will issue $1.8 billion in loan guarantees to three subsidiaries of the Municipal Electric Authority of Georgia (MEAG Power).
March 26, 2015Energy Department Offers Conditional Commitment to Alcoa to Support Manufacturing of Aluminum for Automotive Sector
As part of the Administration’s effort to support advanced vehicles that are more affordable for Americans to drive, strengthen U.S. leadership in manufacturing advanced vehicle technologies, and reduce greenhouse gas emissions through increased fuel efficiency, the Department of Energy announced a conditional commitment for a $259 million loan to Alcoa Inc. today.
December 10, 2014
WASHINGTON D.C. — Today, the Department of Energy issued the Advanced Nuclear Energy Projects loan guarantee solicitation, which provides as much as $12.5 billion to support innovative nuclear energy projects as a part of the Administration’s all-of-the-above energy strategy.
September 30, 2014
The Department of Energy has issued a draft solicitation that would provide up to $12.6 billion in loan guarantees for Advanced Nuclear Energy Projects, supporting the Administration’s all-of-the-above energy strategy and bringing the nation closer to its low-carbon future.