LPO Updates • Issue 26 • January 2025

LPO Updates • Issue 26 • January 2025

U.S. DOE Loan Programs Office (LPO) U.S. DOE Loan Programs Office (LPO)

U.S. DOE Loan Programs Office (LPO)

Unleashing American Energy Infrastructure & Innovation

Published Jan 19, 2025
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IN THIS ISSUE:

•  2024 Year in Review With Outgoing Director Jigar Shah

•  DOE Releases Update to Liftoff Report on Clean Hydrogen

•  DOE Publishes New Report on Geothermal Heating & Cooling

•  DOE Updates Virtual Power Plants Liftoff Report

• LPO Publishes Updated Guide for ATVM Loan Program

...and more updates below from the U.S. DOE Loan Programs Office!

Outgoing LPO Director Jigar Shah Reviews Highlights From 2024 and Outlines How LPO is Advancing U.S. Energy Leadership in 2025 & Beyond

In his final official website post, Director Jigar Shah looks back at 2024 and the recent years of progress for the DOE Loan Programs Office, listing key accomplishments, assessing the state of the current U.S. energy economy, and detailing how DOE and the private sector are poised to build on current momentum to advance U.S. energy leadership in 2025 and beyond. Read the full article for more details.

DOE Releases Update to Clean Hydrogen Pathways to Commercial Liftoff Report

The U.S. Department of Energy (DOE) this week released another update to its Pathways to Commercial Liftoff report series, this time an update to the Clean Hydrogen report, which was first released in March 2023 at the outset of the Liftoff reports effort. The new update catalogues market changes since the original report, showing that the U.S. clean hydrogen market remains poised for rapid growth, accelerated by historic commitments to America’s clean energy economy.

Read the full announcement, see the Clean Hydrogen report summary page and download the full report update for more!

New DOE Pathways to Commercial Liftoff Report Drills Down on Geothermal Heating & Cooling

The U.S. Department of Energy (DOE) this week released a brand new Pathways to Commercial Liftoff report, focusing this time on Geothermal Heating & Cooling. Both Geothermal Heat Pumps (GHPs) and Thermal Energy Networks (TENs) are transformative technologies that are highly efficient, versatile in their deployment, and provide solutions for many ongoing problems facing America’s built infrastructure. This new report digs into why geothermal heating and cooling technologies represent important but underutilized solutions for supporting a more resilient, efficient, and affordable national energy system, as well as reducing emission from buildings.

Watch this week's Geothermal Heating & Cooling report webinar, read the report summary page, and download the full report for more!

DOE Releases Update to Virtual Power Plants Pathways to Commercial Liftoff Report

The U.S. Department of Energy (DOE) this week released an update to another report in the Pathways to Commercial Liftoff report series—an update to its original Virtual Power Plants report, first published in September 2023. Virtual Power Plants (VPPs) are solutions that can be deployed at scale in a short timeframe to maximize the use and value of existing grid infrastructure, minimize costs to ratepayers, and ensure a resilient, reliable, and secure grid for all.

Since the publication of the original VPPs Liftoff report, there has been rising interest in VPPs and increased VPP deployments, but the pace of deployment still needs to accelerate. Among other insights, this report update finds that deploying 80-160 GW of VPPs (enough to serve 10-20% of peak load) by 2030 could support rapid load growth while reducing overall grid costs.

Watch this week's Virtual Power Plants report update webinar, read the report summary page, and download the full report for more!

LPO Publishes Updated Guidance for Applicants to the ATVM Loan Program

This week LPO published an updated guide for applicants to the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, which is now available along with other guidance, governing documents, and frequently-asked questions on LPO's Advanced Transportation Financing page. Prospective applicants are encouraged to download the full program guide and review it before initiating the application process, and then may contact LPO's ATVM team directly at atvmloan@hq.doe.gov to request a free pre-application consultation with an LPO staff member.

LPO's latest Monthly Application Activity Report (MAAR) tracks key metrics for active applications across 14 LPO major technology sectors and proposed project locations across the United States through December 31, 2024.

Updates to Estimated Remaining Loan Authority for LPO Programs

A reminder that with the start of Fiscal Year 2025, LPO updated reporting on loan and loan guarantee authority available under the Energy Infrastructure Reinvestment (EIR) program based on project activity, applicant interest to date, and anticipated applications. Along with these changes, LPO now expects to report on estimated remaining loan authority and loan guarantee authority annually at the Federal Fiscal Year (October 1) instead of monthly. Please see the full blog post about these updates for more information.

The Energy Act of 2020 and the Inflation Reduction Act (IRA) of 2022 directed LPO to engage in outreach activities through conferences and online programs to disseminate information about its programs. Below is an overview of major upcoming events. See LPO's full events calendar at: Energy.gov/LPO/Events to browse events where LPO staff and leadership will be in attendance.

Recent Events

  • None.

Major Upcoming Events

  • Infocast Projects & Money • 27-29 Jan 2025 • New Orleans, LA

  • Seminole Tribe of Florida Renewable Energy & Sustainability 7th Annual Conference • 27-29 Jan 2025 • Hollywood, FL

  • BNEF Summit: San Francisco • 4-5 Feb 2025 • San Francisco, CA

  • PowerGen International • 11-13 Feb 2025 • Dallas, TX

  • NAATBatt 2025 Annual Meeting and Conference • 17-19 Feb 2025 • Orlando, FL

  • NARUC Winter Policy Summit • 23-26 Feb 2025 • Washington, DC

  • Intersolar 2025 • 25-27 Feb 2025 • San Diego, CA

  • DecarbConnect • 25-27 Feb 2025 • Houston, TX

A sampling of recent third-party media and podcast mentions of LPO and the LPO Team:

Sign up for clean energy financing updates from LPO

Subscribe to LPO's monthly email newsletter to stay up to date with the latest from the U.S. Department of Energy Loan Programs Office, including announcements about our financing programs, news about our portfolio projects, and ways to engage with our team about your project!

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Network with LPO

Join a larger network of clean energy financing experts by following the U.S. Department of Energy Loan Programs Office on LinkedIn.

Follow LPO on LinkedIn

LPO's Financing Programs

Learn more about all of LPO's financing programs at: Energy.gov/LPO/Financing-Programs

Title 17 Clean Energy Financing (via the 1703 & 1706/EIR Programs)

Advanced Transportation Financing (via the ATVM Program)

  • Vehicles, Components, and EV Charging Infrastructure Manufacturing

Tribal Energy Financing (via the TEFP Program)

  • Tribal energy development projects

CO2 Transportation Infrastructure Financing (via the CIFIA program)

  • Large-capacity, common carrier CO2 transportation projects

Contact LPO to see what financing options may be available for your project, email LPO@hq.doe.gov with questions, and go to Energy.gov/LPO/Pre-App to schedule a no-fee, no-commitment pre-application consultation. Let's talk about your project!

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