LPO News

VIEW ALL
Biden-Harris Administration Announces $1.5 Billion Conditional Commitment to Holtec Palisades to Support Recommission of Michigan Nuclear Power Plant
When Finalized, Loan Will Finance the Restoration and Resumption of 800-MW Electric Nuclear Generating Station in Covert Township, Michigan—Supporting 600 Good-Paying, High-Quality Jobs While Slashing Planet-Warming Emissions
March 27, 2024
Learn more
LPO Announces Conditional Commitment to Holtec Palisades to Finance the Restoration and Resumption of Service of 800-MW Nuclear Generating Station
LPO has offered a conditional commitment of up to $1.52 billion for a loan guarantee to Holtec Palisades, LLC to finance the restoration and resumption of service of an 800-MW electric nuclear generating station in Covert Township, Michigan.
March 27, 2024
Learn more
LPO Engages Industry Leaders on Energy Transition at CERAWeek 2024
LPO continued to engage with private sector stakeholders in Houston, Texas, for CERAWeek from March 18-22 to highlight LPO’s role in financing the energy transition.
March 26, 2024
Learn more
FY 2023 Annual Portfolio Status Report: Accelerating Portfolio Growth
Fiscal Year 2023 marked a second consecutive year of growth for LPO's portfolio as increased applicant interest and origination activity continued.
March 20, 2024
Learn more

ABOUT LPO

LPO has loans and loan guarantees available to help deploy innovative clean energy, advanced transportation, and tribal energy projects in the United States. Over the past decade, LPO has closed more than $30 billion of deals across a variety of energy sectors. Review our overview and subscribe to our newsletter to keep informed about the program.

Follow LPO on LinkedIn and YouTube

FOR POTENTIAL BORROWERS

LPO provides debt financing for the commercial deployment of large-scale energy projects; however, for research, development, and demonstration (RD&D) and smaller projects, other offices within DOE offer funding and financing opportunities. For example, the Homeowner’s Guide to Going Solar provides valuable information from DOE's Solar Energy Technologies Office about financing home and small commercial solar systems.

Potential applicants are encouraged to engage directly with DOE's Loan Programs Office (LPO) for no-fee, no-commitment consultations to discuss their proposed project and learn about LPO's process before formally applying. During the consultations, LPO will work with you to determine whether the project is eligible for a loan or loan guarantee. See the Request a Pre-Application Consultation page to learn more.

To learn more about how LPO likes to work with borrowers and how to eventually apply, visit the LPO Process page. 

AVAILABLE LOANS & LOAN GUARANTEES

Title 17 Clean Energy Financing
Under the Title 17 Clean Energy Financing Program, LPO can provide loan guarantees for projects in the United States that support clean energy deployment and energy infrastructure reinvestment to reduce greenhouse gas emissions and air pollution.
Innovative Energy and Innovative Supply Chain
Clean Energy Financing for projects that deploy innovative clean energy technologies at commercial scale (Innovative Energy) Or Employ innovative manufacturing processes or manufacture innovative technologies at commercial scale (Innovative Supply Chain)
ENERGY INFRASTRUCTURE REINVESTMENT
The Energy Infrastructure Reinvestment (EIR) Program (Section 1706) guarantees loans to projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or enable operating energy infrastructure to run more cleanly.
STATE ENERGY FINANCING INSTITUTIONS (SEFI)-SUPPORTED PROJECTS
Through the SEFI category of the Title 17 Clean Energy Financing Program, LPO can provide additional financial support to projects that align federal energy priorities with those of U.S. states
Tribal Energy Financing
Direct loans and partial loan guarantees for tribal energy development projects
Advanced Technology Vehicles Manufacturing (ATVM) Loan Program
Direct loans to support U.S. manufacturing of fuel-efficient, advanced technology vehicles and qualifying components
CIFIA
Loan guarantees and grants to deploy carbon dioxide transportation infrastructure

PORTFOLIO

US map with blue and orange pins at LPO project locations

LPO manages a portfolio comprising more than $30 billion of loans, loan guarantees, and conditional commitments covering more than 30 projects. Overall these loans and loan guarantees have resulted in more than $50 billion in total project investment.

»VIEW MORE