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Loan Programs Office: Difference between revisions
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|Mission=The LPO's mission is to accelerate the deployment of innovative energy and transportation technologies by providing access to debt capital for projects that support clean energy, energy efficiency, and advanced transportation solutions, aiming to reduce greenhouse gas emissions and promote economic growth. | |Mission=The LPO's mission is to accelerate the deployment of innovative energy and transportation technologies by providing access to debt capital for projects that support clean energy, energy efficiency, and advanced transportation solutions, aiming to reduce greenhouse gas emissions and promote economic growth. | ||
|ParentOrganization=Department of Energy | |ParentOrganization=Department of Energy | ||
|TopOrganization=Department of Energy | |||
|CreationLegislation=Energy Policy Act of 2005 | |CreationLegislation=Energy Policy Act of 2005 | ||
|OrganizationExecutive=Executive Director | |OrganizationExecutive=Executive Director | ||
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==Parent organization== | ==Parent organization== | ||
LPO operates within the | LPO operates within the U.S. Department of Energy (DOE), contributing to the department's mission of advancing energy security and environmental sustainability<ref>{{cite web |url=https://www.energy.gov/ |title=U.S. Department of Energy |publisher=DOE |access-date=January 27, 2025}}</ref>. | ||
==Legislation== | ==Legislation== | ||
LPO was established under the | LPO was established under the Energy Policy Act of 2005, with its loan authority subsequently expanded by the American Recovery and Reinvestment Act of 2009, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act<ref>{{cite web |url=https://www.energy.gov/lpo/legislation |title=Legislation |publisher=Loan Programs Office |access-date=January 27, 2025}}</ref>. | ||
==Partners== | ==Partners== | ||
* Various clean energy developers, manufacturers, and utilities. | |||
* Federal, state, and local government agencies for co-financing or regulatory support. | |||
* Private financial institutions for syndicated loan structures. | |||
==Number of employees== | ==Number of employees== | ||
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===Leader=== | ===Leader=== | ||
Led by an | Led by an Executive Director. | ||
===Divisions=== | ===Divisions=== | ||
* Origination for identifying and evaluating potential projects. | |||
* Portfolio Management for monitoring and managing loans post-disbursement. | |||
* Technical and Project Management for technical assessments. | |||
==List of programs== | ==List of programs== | ||
* Title 17 [[Innovative Clean Energy Loan Guarantee Program]] for innovative technologies. | |||
* [[Advanced Technology Vehicles Manufacturing]] (ATVM) Loan Program for vehicle efficiency. | |||
* [[Tribal Energy Loan Guarantee Program]] (TELGP) for tribal energy projects. | |||
==Last total enacted budget== | ==Last total enacted budget== | ||
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* [https://www.energy.gov/lpo/loan-programs-office Official Website] | * [https://www.energy.gov/lpo/loan-programs-office Official Website] | ||
* [https://www.energy.gov/ Department of Energy] | * [https://www.energy.gov/ Department of Energy] | ||
* [https://www.energy.gov/lpo/projects Loan Programs Office | * [https://www.energy.gov/lpo/projects Loan Programs Office * Projects] | ||
==References== | ==References== | ||
<references /> | <references /> | ||