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DOE Loan Programs Office
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IN THIS ISSUE:
...and more updates below from the U.S. DOE Loan Programs Office!
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LPO’s Community Jobs and Justice (CJJ) team works with applicants throughout the application process to understand how the project is approaching community benefits, share resources, and answer related questions. From early in the application process, the team supports applicants in strengthening and implementing Community Benefits Plans (CBPs).
The CJJ team’s new Community Jobs & Justice (CJJ) newsletter will include key announcements, upcoming events, and funding opportunities that may aid potential applicants and other stakeholders in developing their CBPs. Sign up here to get future communications right in your inbox. (Be sure to check the "LPO Community Jobs & Justice News" box after entering your email.)
You can also visit LPO’s Community Jobs & Justice webpage to view archived issues, learn more about how LPO supports applicants to ensure their project planning and applications sufficiently address the four key CJJ pillars that LPO considers when evaluating applications, and access many other helpful resources.
In related workforce news, last April the Solar Energy Technologies Office (SETO) published a Request for Information (RFI) on the challenges and opportunities associated with scaling the U.S. solar manufacturing workforce. The RFI focused on jobs associated with operating U.S.-based manufacturing facilities that produce photovoltaic (PV) modules, components, and materials. SETO received and reviewed 31 responses and has summarized the feedback on their website. Read Scaling the U.S. Solar Manufacturing Workforce Request for Information to learn more.
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LPO introduced the LPO Monthly Application Activity Report (MAAR) to help the general public understand the level of active interest from applicants in LPO financing programs, including: (1) the number of active applications, (2) the cumulative funding requested by those applications, (3) the rolling average of new applications per week, and (4) how application amounts requested break down across major clean energy and advanced transportation technology sectors.
Publishing the MAAR is one way LPO prioritizes transparency as part of its operations and application process. As a steward of taxpayer resources, LPO is committed to updating the public on its progress in meeting its mandate to accelerate the clean energy transformation.
Read the blog to learn how LPO is marking the second anniversary of launching the MAAR, including modifications to monthly reporting sectors and key insights into application activity trends over the last year.
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LPO's Energy Infrastructure Reinvestment (EIR, section 1706) category of the Title 17 Clean Energy Financing Program is open for business. Created by President Biden’s Inflation Reduction Act, EIR financing can support projects that either:
- retool, repower, repurpose, or replace energy infrastructure that has ceased operations; provided that if the project involves electricity generation through the use of fossil fuels, it is required to have controls or technologies to avoid, reduce, utilize, or sequester air pollutants and anthropogenic emissions of greenhouse gases; or
- projects that enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases.
To learn more about how EIR can help the United States leverage its extensive energy infrastructure and skilled workforce to support the energy transformation, read the blog, view the program page and download the handout.
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DOE's Pathways to Commercial Liftoff for Long Duration Energy Storage (LDES) focuses on technologies that store energy over long periods for future dispatch. The report found that the U.S. grid may need between 225 and 460 gigawatts of LDES by 2050, requiring $330 billion in capital on the same timeline.
In conjunction with that report, LPO released a Tech Talk on the energy storage supply chain. Michael Reed, LPO’s Director of the Technical and Environmental Division, states: “Residential, commercial, industrial, and utility users are beginning to install energy storage systems to fulfill their energy and reliability needs, but challenges remain to deploying these systems at scale,” including “insufficient supply chains, high manufacturing costs, and lack of debt financing for commercial deployment due to perceived technical risk and unpredictable cash flows in today’s power markets.”
Read both the full LDES Liftoff Report and LPO's Tech Talk on Energy Storage to see how LPO can finance innovative projects across the energy storage supply chain.
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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 recent and upcoming events.
Recent Events
 LPO OBD Director Phil Kangas speaks at the We Don't Have Time's COP28 Climate Hub.
Other Major Upcoming Events
RE+ Community Energy • 10-11 January 2024 • San Diego, CA
Intersolar 2024 • 17-19 January 2024 • San Diego, CA
Infocast Projects & Money • 17-19 January 2024 • New Orleans, LA
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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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