Loan Programs Office

Stored: Loan Programs Office

Loan Programs Office Type: Executive Departments (Sub-organization) Parent organization: Department of Energy Top organization: Employees: Executive: Executive Director Budget: Address: 1000 Independence Ave SW, Washington, DC 20585, USA Website: https://www.energy.gov/lpo/loan-programs-office Creation Legislation: Energy Policy Act of 2005 Wikipedia: Loan Programs Office

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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.

Services Loan Guarantees; Direct Loans; Project Financing; Technical Assistance

Regulations

Loan Programs Office (LPO) is a part of the U.S. Department of Energy responsible for administering loans and loan guarantees to support the commercial deployment of clean energy technologies, energy infrastructure projects, and advanced transportation solutions. LPO aims to bridge the financing gap for projects that are too risky for traditional private sector investment but have significant potential to impact the nation's energy and environmental goals.

Official Site

Mission

The mission of the Loan Programs Office is to catalyze the adoption of transformative energy technologies by providing financial assistance in the form of loans and loan guarantees. This support is crucial for projects that can lower greenhouse gas emissions, enhance energy security, and spur economic development, particularly in underserved or rural communities.

Parent organization

LPO operates within the U.S. Department of Energy (DOE), contributing to the department's mission of advancing energy security and environmental sustainability.

Legislation

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.

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

The exact number of employees in LPO isn't specified, but it includes financial analysts, engineers, and support staff.

Organization structure

LPO's structure includes:

Leader

Led by an Executive Director.

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

• 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

The LPO operates with a significant amount of loan authority rather than a traditional budget; as of recent updates, it had over $400 billion in loan authority.

Staff

LPO's staff includes experts in finance, engineering, and project management, but exact numbers are not documented.

Funding

LPO's operations are funded through DOE appropriations, and the loan authority comes from various legislative acts that have allocated funding for these programs.

Services provided

LPO provides loans and loan guarantees to eligible projects, technical assistance for project development, and helps projects navigate the complexities of financing large-scale clean energy and transportation initiatives. It also works on structuring deals to attract private investment.

Regulations overseen

While LPO does not directly oversee regulations, it operates under strict federal guidelines for loan issuance and guarantees, ensuring compliance with environmental, financial, and energy policy regulations.

Headquarters address

1000 Independence Ave SW, Washington, DC 20585, USA

History

LPO was established in response to the need for more aggressive support for emerging clean energy technologies. Over the years, it has played a significant role in financing projects like the Tesla Gigafactory, solar and wind farms, and advanced vehicle manufacturing, demonstrating its impact on the U.S. clean energy sector.

External links

• Official Website
• Department of Energy
• Loan Programs Office * Projects