July 15, 2024

Loan Programs Office

DOE Report, Funding Seek to Break down Barriers to Grid Innovation

Utilities are rolling out new GETs projects, DOE officials said, but “there are more than 3,000 utilities in the United States, and a few excellent projects won’t get us where we need to be.”

Eos Energy Enterprises
LPO Makes $398 Million Conditional Loan to Long-duration Storage Company
Eos Energy Enterprises prides itself on procuring most of its raw materials within a day’s drive of its plants in Turtle Creek, Pa.
KORE Power
LPO Announces $850M Conditional Loan for Ariz. Battery Cell Plant
DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.
Joy Asico/American Council on Renewable Energy
DOE Loans Chief: Industry Ambition ‘Very Low’ to Meet Climate Challenges
The clean energy industry has incentives in the Inflation Reduction Act but lacks ambition, the head of the Department of Energy’s Loan Programs Office said.
The White House
NY Utilities to Seek $900M from DOE
Six utilities have indicated they will apply for federal loans and grants totaling roughly $900 million made available from the IIJA and IRA.
Georgia Power Company
Making the Case for Nuclear at NARUC
The rising profile of nuclear power as one of the critical technologies that will power the U.S. to a carbon-free grid was a major theme at NARUC's conference.
Ultium Cells
DOE Announces $2.5B Loan to EV Battery Manufacturer Ultium
The DOE is providing the loan to help finance construction of new lithium-ion battery manufacturing plants in Michigan, Ohio and Tennessee.
3 Keys to Fixing the Cash-flow Dilemma in CO2 Capture
Direct pay incentives and project developers with a clear vision and just one job to do could fix the CCS industry's cash flow problem, stakeholders heard.
Hydrogen May Hold Key Role in Deep Decarbonization, EPRI Panel Says
Panelists talked hydrogen at an Electric Power Research Institute forum session on bridging the gaps in a net-zero energy system.

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