DOE loan guarantee
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RenewablesDOE’s Loan Programs Office Offers Game-Changing Possibilities
As the presidential inauguration loomed on the horizon in January this year, the U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) published a “year-in-review” article, highlighting accomplishments from 2024 and looking ahead to the future. It noted that the previous four years had been the most productive in the LPO’s history. “Under the Biden-Harris […]
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NuclearDOE Finalizes $1.52B Palisades Loan for First-Ever U.S. Nuclear Plant Recommissioning
Marking the first-ever revival of a nuclear power plant in the U.S., the Department of Energy (DOE) on Sept. 30 finalized a $1.52 billion loan guarantee to Holtec International to support the recommissioning of the 800-MW Palisades nuclear plant in Covert Township, Michigan. Separately, the U.S. Department of Agriculture (USDA) awarded electric cooperative Wolverine Power […]
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HydrogenDOE’s First $1B Loan Guarantee in Years Seeks to Bolster Turquoise Hydrogen Process
The Department of Energy’s (DOE’s) first conditional loan guarantee offered to a non-nuclear project since 2016 will finance the expansion of a pioneering commercial-scale “turquoise hydrogen” and carbon black production facility in Nebraska. The agency’s Loan Programs Office (LPO) on Dec. 23 offered a commitment to guarantee a loan of up to $1.04 billion under […]