U.S. Department of Energy Loan Program Office

U.S. Department of Energy Loan Program Office Overview

The Department of Energy’s Loan Programs Office (LPO) provides attractive debt financing for high-impact, large-scale energy infrastructure projects in the United States. The Department of Energy’s Loan Programs Office (LPO) provides attractive debt financing for high-impact, large-scale energy infrastructure projects in the United States. LPO has issued tens of billions of dollars in strategic debt financing to transform the energy and transportation economy to benefit Americans. The loans helped launch the utility-scale solar and wind industries in America, have expanded domestic manufacturing of electric vehicles, and reviving nuclear energy in the United States. While there is no minimum eligible project size, LPO typically finances projects of $100 million or more due to the fixed costs associated with the application process and loan monitoring.

Latest News

Dec 13, 2024 · www.energy.gov

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DOE Announces $1.25 Billion Loan to EVgo to Expand Nationwide Public Fast Charging

The U.S. Department of Energy’s Loan Programs Office has announced a $1.25 billion loan guarantee to EVgo Swift Borrower LLC to expand electric vehicle charging infrastructure across the United States. This initiative will support the deployment of approximately 7,500 chargers at 1,100 stations, creating over 730 jobs. The project aims to enhance the accessibility of fast-charging stations, particularly in metropolitan and disadvantaged areas, supporting the Biden-Harris Administrations clean energy goals. The chargers will feature advanced technologies like dynamic power sharing and Autocharge+ for improved user experience. EVgo is also committed to community engagement and workforce development through training programs and scholarships.

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1000 Independence Ave SW, Washington, DC 20024, USA

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U.S. Department of Energy Loan Program Office Internal

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