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November 21, 2024

Loan Programs Office (LPO)

© RTO Insider LLC 
SE Renewable Energy Conference Hears Blunt Talk on Trump
Keith Martin, a specialist in tax and renewable energy policy, said a Republican-led Congress would likely look to "cannibalize" parts of the Inflation Reduction Act.
Ørsted
DOE Dives into US Offshore Wind’s Growing Pains
U.S. Department of Energy officials say they're optimistic the costs of offshore wind energy development will begin to ease by the end of the decade.
Georgia Power
NIA: Cost, Risk Sharing Needed to Grow Advanced Nuclear Pipeline
The first new reactors built in the U.S. since 2016, Vogtle’s two units have come online seven years late and $17 billion over budget, leaving subsequent projects surrounded by perceptions of risk.
Lithium Americas
LPO Announces $2.26B Loan to Nevada Lithium Processing Plant
With site preparation now complete, Lithium Americas is estimating a three-year construction period at Thacker Pass, with the mine and plant producing at full capacity in 2028.
Invinity
LPO Announces $72.8M Loan for Tribal Microgrid
Currently under construction, the Viejas microgrid will combine 15 MW of solar with 38 MWh of long-duration, non-lithium storage and is the first loan the LPO has made under its long-dormant Tribal Energy Financing Program.
Senate ENR
DOE Officials Face Rocky Senate Hearing on IIJA, IRA Loans and Grants
DOE's Crane and Shah said all grant and loan applications are evaluated and carefully vetted by federal career staff and agency engineers and experts.
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Overheard at Deploy23
Coming off the Earth’s hottest summer on record, the conference zeroed in on the public-private partnerships needed to optimize the impact of every penny of the billions in clean energy funding in the IIJA and IRA.
© RTO Insider LLC
DOE: Public-private Partnerships Key for Deploying Clean Tech at Scale
DOE gets business friendly. “The private sector has heard that DOE wants to hear their opinions and is willing to be responsive to what they have to say," said LPO Director Jigar Shah.

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