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April 16, 2024

Loan Programs Office (LPO)

Holtec International
LPO Announces $1.52B Loan to Restart Palisades Nuclear Plant
Michigan’s 800-MW Palisades nuclear power plant could become the first nuclear plant in the U.S. to be restarted, helped by a $1.52 billion loan from DOE’s Loan Programs Office.
Lithium Americas
LPO Announces $2.26B Loan to Nevada Lithium Processing Plant
With site preparation now complete, Lithium Americas is estimating a three-year construction period at Thacker Pass, with the mine and plant producing at full capacity in 2028.
Invinity
LPO Announces $72.8M Loan for Tribal Microgrid
Currently under construction, the Viejas microgrid will combine 15 MW of solar with 38 MWh of long-duration, non-lithium storage and is the first loan the LPO has made under its long-dormant Tribal Energy Financing Program.
© RTO Insider LLC
CPower Event Charts the Future of Virtual Power Plants
CPower hosted an event outside D.C. that charted the demand response's industry's evolution to a virtual power plant model that can help the industry manage the growing share of DERs coming onto the grid.
DOE
Can DOE Accelerate US Energy Transition as 2024 Election Looms?

DOE is focused on reshaping the U.S. energy landscape, but officials may have only another year to build the momentum needed to make any potential Republican rollbacks unpopular and unlikely.

LEEDCo
Pioneering Lake Erie OSW Plan Placed on Hold
The Lake Erie Energy Development Corp. announced that Icebreaker Wind has become financially untenable.
Controlled Thermal Resources
Climate Resilience Takes Center Stage at NARUC

California PUC President Alice Reynolds set the tone for the theme of climate resilience at the group's annual meeting with a story about the history of the Salton Sea.

Senate ENR
DOE Officials Face Rocky Senate Hearing on IIJA, IRA Loans and Grants
DOE's Crane and Shah said all grant and loan applications are evaluated and carefully vetted by federal career staff and agency engineers and experts.
© RTO Insider LLC
Overheard at Deploy23
Coming off the Earth’s hottest summer on record, the conference zeroed in on the public-private partnerships needed to optimize the impact of every penny of the billions in clean energy funding in the IIJA and IRA.

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