Loan Programs Office

U.S. DOE Announces $996 Million Loan Guarantee to Ioneer Rhyolite Ridge to Advance Domestic Production…

Rhyolite Ridge will process lithium carbonate to support the domestic EV battery supply chain. The U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $996 million loan guarantee (including $968 million of principal and $28 million of capitalized interest) to Ioneer Rhyolite Ridge LLC … [continued]

U.S. DOE Announces $15 Billion Loan Guarantee to Pacific Gas & Electric Company to Expand…

Section 1706 Loan Guarantee Will Maintain Affordability for Customers and Improve System Resilience and Reliability As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy’s Loan Programs Office (LPO) announced today the closing of a $15 billion loan guarantee to Pacific Gas & Electric Company … [continued]

U.S. DOE Announces $584.5 Million Loan Guarantee to Subsidiaries of Convergent Energy and Power Inc.…

Convergent will build and operate utility-scale solar-plus-storage in Puerto Rico, improving grid resilience and reducing costs for ratepayers. The U.S. Department of Energy Loan Programs Office (LPO) today announced the closing of a $584.5 million ($559.4 million in principal and $25.1 million in capitalized interest) loan guarantee to subsidiaries of … [continued]

U.S. DOE Announces $289.7 Million Loan Guarantee to Sunwealth to Deploy Solar PV & Battery…

Project Polo will deploy commercial-scale PV and storage to create integrated virtual power plants across 27 states. As part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Department of Energy (DOE) Loan Programs Office (LPO) today announced the closing of a $289.7 million loan guarantee to Sunwealth Holdco … [continued]

U.S. DOE Announces $1.66 Billion Loan Guarantee to Plug Power to Produce & Liquify Clean…

Today, the U.S. Department of Energy’s (DOE) Loan Programs Office (LPO) announced the closing of a $1.66 billion loan guarantee ($1.55 billion in principal and $107 million in capitalized interest) to Plug Power Inc.’s (Plug) subsidiary, Plug Power Energy Loan Borrower, LLC, to help finance the construction of up to six facilities … [continued]

Photo by Zach Shahan | CleanTechnica

$1.67 Billion to Montana Renewables to Significantly Expand US Sustainable Aviation Fuel Production

Montana Renewables will expand its renewable fuels facility to scale up sustainable aviation fuel (SAF) production. As part of the Biden-Harris administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced today the closing of a $1.67 billion ($1.44 billion of principal and $233 million of … [continued]