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LPO announced an offer for a conditional commitment for up to $2 billion in loan guarantees to Lake Charles Methanol, LLC
New rounds of Part I and Part II deadlines for Title XVII clean energy loan guarantee applications have been added.
Watch this video to see how LPO projects are generating clean energy, manufacturing fuel-efficient cars, creating good jobs, and reducing harmful CO2 emissions.
Watch Secretary Moniz learn firsthand how the Advanced Technology Vehicles Manufacturing (ATVM) loan program helped Ford manufacture fuel-efficient vehicles like the F-150 EcoBoost.
RECENT PUBLICATIONS
Powering New Markets: Energy Storage Poised for Growth
Between 2010 and 2011, LPO financed five of the world’s largest concentrating solar power (CSP) projects. By integrating thermal energy storage, two of these projects brought the first utility-scale “nighttime solar” to the U.S. The lessons learned from these projects will help provide valuable insights in how to finance, construct, and operate the technology at commercial scale. See the full report here.
Financing Innovation to Address Climate Change Report
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.
Utility-Scale Photovoltaic Solar Markets Report
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.
LPO Loan Portfolio Financial Performance Report
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.
News
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December 21, 2016
Lake Charles Methanol would be world’s first methanol production facility with carbon capture and first petcoke to methanol facility in U.S.
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October 14, 2016
DOE Loan Program Releases Updated Analysis at Mesquite Solar 3 Dedication Ceremony Showing Five DOE Loans Have Led to an Additional 45 Large Solar PV Projects Established by Industry
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July 21, 2016
Administration announces new actions geared towards accelerating the deployment of electric vehicle charging infrastructure and putting more electric vehicles on the road.
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June 2, 2016
21 governments and European Union announce efforts to double clean energy R&D investments over five years to $30 billion per year.
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January 21, 2016
Secretary Moniz Continues Obama Administration Commitment to American Auto Industry, Releases Advanced Technology Vehicles Manufacturing Report on DOE Successes
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August 24, 2015
LPO and ARPA-E Initiatives Support America’s Growing Low-Carbon Economy and Combat Climate Change
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June 24, 2015
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).
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March 26, 2015
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.