DOE Loan Programs Office

Driving down costs for consumers, creating?jobs, and decarbonizing agriculture & industry in America's heartland! (see: https://lnkd.in/gyUt4FHM) Today, LPO announced a conditional commitment for a loan guarantee of up to $1.559 billion to Wabash Valley Resources to help finance a commercial-scale waste-to-ammonia production facility using carbon capture and sequestration (CCS) technology in West Terre Haute, Indiana. The project will have the potential to be the world’s first carbon-negative ammonia production facility—underscoring the Biden-Harris Administration's continued commitment to ensuring the U.S. leads the world in clean energy manufacturing. The Wabash project would repurpose an industrial gasifier to utilize petroleum coke while permanently storing carbon dioxide to produce 500,000 metric tons of anhydrous ammonia annually and play a critical role in securing domestic fertilizer supply for the Corn Belt, contributing to both food security and climate goals. If the loan guarantee is finalized, Wabash Valley Resources' redevelopment of a former coal-fired power plant site near several closed coal mines will continue to build on the Administration’s actions to spur new economic opportunities in the energy communities that have helped power the nation for generations. As with all conditional commitments that LPO offers, it's important to note that while this announcement demonstrates an intent to finance the project, the expected U.S. Department of Energy (DOE) financing will only be issued pending the satisfaction of certain conditions—including final legal, contractual, technical, and financial requirements—that the conditional commitment specifies. For more details, read the full Wabash Valley Resources conditional commitment announcement here: https://lnkd.in/gyUt4FHM LEARN MORE: ? What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ ? The Biden-Harris Administration's "Investing in America" Agenda: https://lnkd.in/gCFiWyzx ? LPO's Title 17 Clean Energy Financing Program: Energy.gov/LPO/Title-17 ? What are LPO Energy Infrastructure Reinvestment (EIR) Projects?: Energy.gov/LPO/EIR ? LPO's Tech Talk on Carbon Management: https://lnkd.in/g7iYAPun ? Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 ? Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #InvestingInAmerica #FinancingCarbonManagement #Title17 #EIR #LPONews #LPOPortfolio #ConditionalCommitment

Hello from Alpine, CA and LPO's latest financial closing: the Viejas Microgrid Tribal Energy project! (Energy.gov/LPO/Viejas) Director Jigar Shah and members of LPO's Tribal Energy Financing and Community Jobs & Justice teams joined leadership from the Viejas Band of Kumeyaay Indians and other key stakeholders for a community impact tour, roundtable, and site visit this week ahead of today's announcement of the closing of a $72.8 million loan guarantee to finance the development of a solar-plus-long-duration-energy-storage microgrid. Participants discussed the deal, what it means for Viejas, and how to build Tribal energy sovereignty throughout Indian Country. As the Viejas Microgrid project demonstrates, solar-plus-storage and microgrid projects for high-load facilities are great candidates for LPO Tribal Energy financing, and LPO is specifically reaching out to Tribes to help them learn how to leverage this financing. While LPO also consults on a diverse array of energy projects with potential Tribal energy financing applicants and stakeholders, this specialized outreach initiative is designed to help more Tribes learn about and build on the approach of projects like Viejas Microgrid. See LPO's related blog piece to explore use cases, learn more about the Tribal Energy Financing program, and submit a pre-application consultation request: https://lnkd.in/gUH8yedY LEARN MORE: ? LPO's Viejas Microgrid Project Page: Energy.gov/LPO/Viejas ? Read the full Viejas Microgrid project U.S. Department of Energy (DOE) financial close announcement: https://lnkd.in/gdPSVH3s ? An overview of LPO's Tribal Energy Financing program: Energy.gov/LPO/Tribal ? For details & use cases about how LPO can support Tribal resiliency via solar-plus-storage & microgrid project financing for high-load facilities, see: https://lnkd.in/gUH8yedY ? Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingRenewablesDeployment #FinancingSolar #FinancingStorage #FinancingMicrogrids #FinancingTribalEnergy #EnergySovereignty #InvestingInAmerica #FinancialClose #LPOPortfolio

Celebrating LPO's first-ever Tribal Energy financial close! Today, LPO and the U.S. Department of Energy (DOE) announced the closing of a $72.8 million loan guarantee to finance the development of a solar-plus-long-duration-energy-storage microgrid on the Tribal lands of the Viejas (Baron Long) Group of Capitan Grande Band of Mission Indians of the Viejas Reservation near Alpine, California. (See: https://lnkd.in/gdPSVH3s and Energy.gov/LPO/Viejas) This project—part of the Biden-Harris Administration’s Investing in America agenda—will provide the Viejas Band with reliable utility-scale renewable energy generation and storage infrastructure through the installation of a 15 MW photovoltaic solar generation system and a 70 MWh battery long-duration energy storage system. Today’s announcement underscores President Biden and Vice President Harris’ deep commitment to working with Tribal Nations and communities to build an inclusive, equitable, and resilient clean energy future. Projects like Viejas Microgrid support the Administration's efforts to enhance Tribal energy sovereignty by promoting Tribes’ ownership of clean energy assets or their deployment on Tribal lands and from the sale of their output to other off-takers. This project—and others supported by DOE—will help promote Tribal energy and economic development by helping Native communities unlock the benefits that come with the deployment of clean energy. Read the full DOE announcement here: https://lnkd.in/gdPSVH3s and see LPO's Viejas Microgrid project page for more details: Energy.gov/LPO/Viejas LEARN MORE: ? LPO's Viejas Microgrid Project Page: Energy.gov/LPO/Viejas ? An overview of LPO's Tribal Energy Financing program: Energy.gov/LPO/Tribal ? The Biden-Harris Administration "Investing in America" Agenda: WhiteHouse.gov/Invest ? Read the full Viejas Microgrid project financial close announcement: https://lnkd.in/gdPSVH3s ? For details & use cases about how LPO can support Tribal resiliency via solar-plus-storage & microgrid project financing for high-load facilities, see: https://lnkd.in/guQcM35U ? Read about other recent project announcements on LPO's blog: https://lnkd.in/g23s_Uk4 ? Explore LPO's full portfolio of projects: Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingRenewablesDeployment #FinancingSolar #FinancingStorage #FinancingMicrogrids #FinancingTribalEnergy #EnergySovereignty #InvestingInAmerica #FinancialClose

LPO's latest Monthly Application Activity Report (MAAR) is out and shows that as of August 31, 2024, LPO's pipeline of pre-conditional commitment applications has reached a record amount of nearly $300 billion in cumulative requested financing for proposed clean energy, energy infrastructure reinvestment, advanced transportation, tribal energy, and CO2 transportation infrastructure projects across the country. (See: https://lnkd.in/gusNHMSk) This monthly report breaks down LPO's active applications across 14 broad technology sectors and their proposed project sites across eight geographic regions. See LPO's MAAR page for these breakdowns, examples of what types of technologies are included within each of the tech sector categories used for the reporting, and the current estimated remaining loan authority for each LPO financing program: Energy.gov/LPO/MAAR #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingEnergyInfrastructureReinvestment #FinancingAdvancedTransportation #FinancingTribalEnergy #FinancingCO2TransportationInfrastructure #LPOMAAR

This Labor Day, LPO is celebrating recent progress made on the third point of our mandate: "Make the clean energy transformation affordable and achievable for workers, consumers, and communities by creating quality jobs in domestic clean energy industries, promoting energy affordability, and ensuring all energy communities stand to benefit from the clean energy transformation." (See: Energy.gov/LPO/Overview) Since the start of 2021, LPO has announced committed financing for 23 new projects which are cumulatively estimated to support over 50,000 American jobs across dozens of communities from coast to coast. Learn more about LPO’s focus on supporting American clean energy workforce development at Energy.gov/LPO/Community and be sure to sign up for our quarterly “Community Jobs & Justice” newsletter to keep up with the latest news about how LPO is working to power communities all across the nation: https://lnkd.in/gcKPCYev #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #CommunityJobsJustice #LaborDay

Have you registered for #Deploy24 yet? Check out the expanded agenda and other new content on DeployTogether.com and be sure to follow Demonstrate Deploy Decarbonize on LinkedIn for the latest news ahead of December 4th! #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #DemonstrateDeployDecarbonize #DeployTogether #Deploy24

Have you registered to join LPO and capital allocators from the public & private sectors to #DeployTogether this December? Share this video (youtu.be/woKTMxuzkBsGo) and go to DeployTogether.com to learn more about #Deploy24 and to register today. Don't delay—discounted early adopter registration ends October 31st! ________ What is Deploy24? Hosted by the U.S. Department of Energy (DOE), Office of Infrastructure, U.S. Department of Energy, and DOE Loan Programs Office (LPO), Demonstrate Deploy Decarbonize 2024 (#Deploy24) is the second annual gathering of leaders, experts, and decision-makers from across the private sector, government, and broader stakeholder ecosystem focused on accelerating deployment of clean energy and decarbonization technologies and enabling supply chains in the United States. Deploy24 is a unique gathering where clean energy decision-makers and capital allocators will meet to not just *talk* about deployment, but to leverage their expertise, build upon the foundational insights of DOE’s Pathways to Commercial Liftoff reports (https://Liftoff.Energy.gov), and workshop real-world solutions to deployment challenges across key clean technology investment sectors. Be sure to follow Demonstrate Deploy Decarbonize on LinkedIn to stay up to date on the latest #Deploy24 news ahead of December 4th and go to DeployTogether.com for more details and to register today! #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #DemonstrateDeployDecarbonize #DeployTogether #Deploy24

** HIRING ALERT! LPO is currently hiring for a Supervisory Loan Specialist in our Portfolio Management Division(PMD): https://lnkd.in/gdtUpbeC. Read more about this position below, share with anyone you think may be qualified & interested, and apply today—the hiring window closes this coming Tuesday, September 3, 2024 or after 75 applications have been received. _____ Are you interested in working to make a meaningful impact in fighting climate change, creating jobs, and supporting American global leadership in clean energy? If so, consider joining the team at LPO! (See: Energy.gov/LPO/Careers) Along with other opportunities, LPO is currently looking for a Supervisory Loan Specialist to join our Portfolio Management Division: https://lnkd.in/gdtUpbeC As a Supervisory Loan Specialist with LPO's PMD team, you will manage loan administration functions that involve federal loan and loan guarantee programs. This includes ensuring compliance with department requirements related to disbursements and recommending adjustments in documentation to enable disbursements and post-issue requests to be processed. Full job details and application instructions may be found at the official vacancy announcement at: https://lnkd.in/gdtUpbeC NOTE: Applications will be accepted for this position through Tuesday, September 3, 2024 or after 75 applications have been received. To search other career opportunities with LPO, go to: Energy.gov/LPO/Careers #DOELPO #DeployDeployDeploy #BridgeToBankability #OpenForBusiness #LPONews #LPOTeam #LPOJobs

The August 2024 issue of LPO's monthly newsletter is out! Read the email newsletter at: https://lnkd.in/gJUV-8wd IN THIS ISSUE: Qcells Conditional Commitment ? Celebrating Two Years of the IRA ? Deploy24 Registration Now Open ? And More! Check out this latest issue here on LinkedIn or subscribe to have the newsletter and other LPO announcements sent directly to your email inbox: https://lnkd.in/gcKPCYev By subscribing, you can stay up to date with the latest from the DOE Loan Programs Office, including announcements about our financing programs, upcoming events, news about our portfolio projects, and ways to engage with our team about your project. #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingEnergyInfrastructureReinvestment #FinancingAdvancedTransportation #FinancingTribalEnergy #FinancingCO2TransportationInfrastructure #LPONews

Today, the U.S. Department of Energy (DOE) released an "Electricity Demand Growth Resource Hub" outlining a suite of tools available to support public and private stakeholders in meeting growing demand while maintaining system reliability, affordability, and security (Explore it at: https://lnkd.in/gJ-yPTDJ and the read the full announcement: https://lnkd.in/gs2U9vFu) One tool in that new hub is DOE's recently-published Pathways to Commercial Liftoff topic brief entitled "How Rising Electricity Demand Can Support Liftoff of Clean Energy Solutions" which summarizes the opportunity to accelerate commercial deployment at scale for multiple available and emerging energy and grid solutions, including advanced nuclear, next generation geothermal, grid enhancing technologies, virtual power plants and more. Download the topic brief at: https://lnkd.in/gDbHUkS6 and then be sure to join senior DOE leaders—including DOE Office of Technology Transitions Chief Commercialization Officer & Director Vanessa Z Chan, LPO Director Jigar Shah and Senior Consultant Louise White—for a free public webinar on Thursday, September 5th at 2:00 EDT to hear?about the opportunity to accelerate liftoff for these technologies to collectively add hundreds of gigawatts of capacity on the system to help meet demand needs by the mid-2030s. Register today for this free, public webinar at: https://lnkd.in/g7ZKRKAH ** Please note that pre-registration is required to receive the virtual meeting link. The DOE Pathways to Commercial Liftoff Reports are the product of comprehensive stakeholder engagement combining system-level modeling with project-level financial analysis. While they do not represent official DOE policy or strategic plans, they serve as crucial resources for decision-makers in the energy sector, investors, and a broader range of stakeholders. See Liftoff.Energy.gov for more information. LEARN MORE: ? Register for the webinar: https://lnkd.in/g9Zcvxdj ? Download the topic brief: https://lnkd.in/gmZiDHaw ? Explore the DOE Electricity Demand Growth Resource Hub: https://lnkd.in/gwkP4mEc ? Browse all the DOE Pathways to Commercial Liftoff Reports: https://lnkd.in/gDmEXFbh and watch previous Liftoff webinars: https://lnkd.in/gfUxnbJT #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergy #FinancingDemandGrowth #LPOEvents #LPOWebinar #Liftoff