Loan Programs Office (LPO)
C-SPAN
Minutes after he was sworn in as 47th president of the United States, Donald Trump signaled his intention to rapidly increase production of oil and gas.
DTE
The U.S. Department of Energy has made conditional loan commitments totaling $22.9 billion to utilities for transmission, pipeline and clean power investments.
Hydrostor
The Willow Rock Energy Storage Center is expected to bolster reliability of the California grid with 500 MW/4,000-MWh of long-duration storage.
The White House
As they prepare to leave office, Biden administration officials remain confident that IRA funds already committed by DOE will be impossible to claw back by the incoming Trump administration.
BlueOval SK
DOE’s Loan Programs Office announced billions of dollars in loans for two joint ventures of car and electronics manufacturers aimed at building out a domestic battery supply chain and accelerate the rollout of new electric vehicles.
PG&E
The U.S. Department of Energy’s Loan Programs Office announced a $15 billion conditional loan commitment to Pacific Gas & Electric to improve the California-based utility’s energy infrastructure and support clean energy initiatives.
EVgo
EVgo CEO Badar Khan said expanding the availability of fast chargers is “a key ingredient to the long-term competitiveness and sustainability of the U.S. automotive industry."
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The LPO still has close to $400 billion in unspent loan authority, and Shah said it is providing essential financing to “the most exciting entrepreneurs and innovators that America has to offer."
DOE
Clean industry executives and experts at DOE's Deploy 2024 conference were surprisingly optimistic about continuing market growth linked to the boom in energy demand from data centers, AI and electrification.
Invenergy
The Department of Energy’s Loan Programs Office announced three conditional loans totaling more than $11 billion, to be used to build interregional transmission, an electric vehicle factory and virtual power plants.
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