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
DOE Loan Programs Office
Financial Services
Washington, DC 15,672 followers
LPO: Building a Bridge to Bankability
About us
The Department of Energy’s Loan Programs Office (LPO) provides attractive debt financing for high-impact, large-scale energy infrastructure projects in the United States. LPO has issued tens of billions of dollars in strategic debt financing to transform the energy and transportation economy to benefit Americans. LPO's mandate is to administer loan programs that: 1) Provide a bridge to bankability for large-scale, high-impact clean energy and supply chain projects that help energy technologies deploy at scale and advance America’s energy and economic future. 2) Enable expansion of America’s domestic energy manufacturing by meaningfully advancing energy and supply chain projects that support, onshore, or re-shore supply chains projects; build a domestic energy workforce; and bolster American supply chain competitiveness. 3) 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. LPO FINANCING PROGRAMS: > TITLE 17 CLEAN ENERGY FINANCING (Energy.gov/LPO/Title-17) Supports clean energy deployment & energy infrastructure reinvestment to reduce greenhouse gas emissions and air pollution. Title 17 includes four project categories: • Innovative Energy Projects • Innovative Supply Chain Projects • State Energy Financing Institution (SEFI)–Supported Projects • Energy Infrastructure Reinvestment Projects > ADVANCED TRANSPORTATION FINANCING (Energy.gov/LPO/ATVM) Loans to support the manufacturing of eligible vehicles and qualifying components. > TRIBAL ENERGY FINANCING (Energy.gov/LPO/Tribal) Financing to support tribal investment in energy-related projects. > CO2 TRANSPORTATION INFRASTRUCTURE FINANCING (Energy.gov/LPO/CIFIA) Financing for large-capacity, common-carrier carbon dioxide (CO2) transport projects. LEARN MORE AT: Energy.gov/LPO
- Website
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http://www.energy.gov/LPO
External link for DOE Loan Programs Office
- Industry
- Financial Services
- Company size
- 201-500 employees
- Headquarters
- Washington, DC
- Type
- Government Agency
- Founded
- 2005
Locations
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Primary
U.S. Department of Energy LP 10
1000 Independence Avenue SW
Washington, DC 20585, US
Employees at DOE Loan Programs Office
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Jigar Shah
Jigar Shah is an Influencer Director @ DOE Loan Programs Office | Project Finance
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Susan Gladwin
Sr. Advisor DOE LPO | Chief Growth Officer | Climate Tech Investor | Board Member | Sustainability Strategist
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Hans Riemer
Leading state engagement to advance clean energy projects at the DOE Loan Programs Office
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David Lauricella
Program Coordinator @ DOE Loan Programs Office
Updates
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** 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
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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
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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
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Today, we're celebrating the second anniversary of the Inflation Reduction Act of 2022 (IRA) and the over $27 billion in new clean energy, advanced transportation, and tribal energy deals that LPO has committed project financing for across America since it was enacted. Read LPO's blog for the full review (https://lnkd.in/gaxxTUU4) and learn more about all of LPO's conditional commitments and financial closings at Energy.gov/LPO/Projects #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #InvestingInAmerica #LPOPortfolio #IRA #InflationReductionAct
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Huge news on this second anniversary week of the Inflation Reduction Act (IRA): Registration for the DOE-hosted #Deploy24 is now open! Don't delay—discounted early adopter registration ends October 31st. Go to DeployTogether.com for more details, follow Demonstrate Deploy Decarbonize for the latest event news, and let's #DeployTogether this December! ________ 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, 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 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 (Liftoff.Energy.gov), and workshop real-world solutions to deployment challenges across key clean technology investment sectors. Be sure to follow Demonstrate Deploy Decarbonize 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
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Two years ago this week, the Inflation Reduction Act (IRA) transformed how the U.S. Department of Energy (DOE) works. Be sure to join LPO Deputy Director Robert Marcum and other senior leaders from across the Office of Infrastructure, U.S. Department of Energy on Wednesday, August 14 at 12:30 pm EDT for a webinar reviewing all the progress made toward implementing the largest climate investment in history. Register for this free public webinar today and join DOE and LPO as we celebrate the impact of two years of IRA! https://lnkd.in/d_vDavRj #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #InvestingInAmerica #LPOEvents #LPOWebinar #IRA
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** HIRING ALERT! LPO is currently seeking to fill two Loan Specialist roles in our Portfolio Management Division (https://lnkd.in/gPFKVrrq) Read more about each position below, share with anyone you think may be qualified & interested, and apply today—the hiring window closes Wednesday, August 14, 2024! _____ 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 two Loan Specialists to join our Portfolio Management Division: https://lnkd.in/gPFKVrrq As a Loan Specialist in LPO's Portfolio Management Division, you may: • Collect and review information for supervisors, including financial statements, covenant compliance, collateral, and news reports, and information gathered from site visits. • Analyze corporate finance structures such as asset- based, or limited recourse project finance transactions to make sound financial decisions and recommendations. • Participate on teams, addressing the technical, legal-economic, and financial feasibility aspects of a transaction. • Review all post-issue requests from borrowers and lenders for amendments to loan terms, waivers, extensions, payment deferments, and other modifications related to operative loans and guarantees. • Utilize expertise with project and corporate finance to evaluate the viability of a borrower, or guarantor in a federal or commercial loan portfolio. • Monitor borrowers or guarantors for warning signs of credit deterioration, and advising supervisors of incidents, occurrences, and trends that warrant special attention. Full job details and application instructions may be found at the official vacancy announcement for both positions at: https://lnkd.in/gPFKVrrq NOTE: Applications will be accepted for these positions through Wednesday, August 14, 2024. To search other career opportunities with LPO, go to: Energy.gov/LPO/Careers #DOELPO #DeployDeployDeploy #BridgeToBankability #OpenForBusiness #LPONews #LPOTeam #LPOJobs
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Strengthening America's PV solar supply chains, starting with the largest ingot & wafer plant ever built in the U.S.! (see: https://lnkd.in/gJGzMd-u) Today, LPO announced a conditional commitment for a loan guarantee of up to $1.45 billion to Qcells USA Corp.—a leading North American crystalline silicon solar manufacturer—to finance the first vertically integrated solar manufacturing facility in the U.S. to produce ingots, wafers, cells, and panels under one roof in over a decade. The loan guarantee will support Qcells’ solar supply chain facility in Cartersville, Georgia, which will produce ingots, wafers, cells, and finished solar panels. The facility will be the largest ingot and wafer plant ever built in the U.S., helping to address gaps in the domestic solar manufacturing supply chain and reinforcing the United States’ status as a global clean energy leader. The Qcells facility will also make larger-format wafer sizes that lower costs and increase product performance to benefit consumers. Once fully operational, the facility is expected to produce 3.3 GW of solar panels per year, enough to supply panels to half a million American households, reducing emissions from power generation by more than 5 million tons of CO2e per year, which will help the nation reach the Biden-Harris Administration’s ambitious goal of achieving net-zero emissions by 2050. In support of the Biden-Harris Administration’s efforts to deliver good-paying, high-quality job opportunities to communities across the country, this project is also expected to create approximately 1,200 construction jobs and, upon completion, will support 1,950 full-time operations jobs. 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. LEARN MORE: • What is a Conditional Commitment & How is it Different from a Loan or Loan Guarantee? https://lnkd.in/gkhfhYHZ • More about the Biden-Harris Administration's "Investing in America" Agenda: WhiteHouse.gov/Invest • Read about other LPO project announcements: https://lnkd.in/g23s_Uk4 • How LPO's Title 17 Clean Energy Financing Program is financing innovative energy projects across sectors: https://lnkd.in/gN2jDVbw #DOELPO #FinancingAmericanEnergy #BridgeToBankability #DeployDeployDeploy #Liftoff #OpenForBusiness #BuiltInAmerica #FinancingInnovation #FinancingImpact #FinancingClimateSolutions #FinancingCleanEnergySupplyChains #FinancingPVSolar #Onshoring #Reshoring #Title17 #InvestingInAmerica #LPONews #ConditionalCommitment
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Along with the announcing three conditional commitments across three financing programs in July (for ENTEK: https://lnkd.in/gkBzzSaK, Marahu: https://lnkd.in/gKw45tzx, and IRG Erie: https://lnkd.in/eiddhuDg), LPO's pipeline of pre-conditional commitment applications also remained robust with 209 active applications seeking a cumulative of $281.1 billion in financing through July 31, 2024 for proposed clean energy, energy infrastructure reinvestment, advanced transportation, tribal energy, and CO2 transportation infrastructure projects across the country. (See: https://lnkd.in/gQVaTH4V) 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
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