Innovative Energy Loan Guarantee Program (Title 17)

Federal Agency

Sub-Department

Loans Program Office (LPO)

Purpose

To eliminate gaps in commercial financing for energy projects in the United States that utilize innovative technology to reduce, avoid, or sequester greenhouse gas emissions and support clean energy deployment and energy infrastructure reinvestment in the United States. LPO can provide first-of-a-kind projects and other high-impact, energy-related ventures with access to debt capital and flexible financing that private lenders cannot provide.

Applicant and/or Project Eligibility Requirements

Eligible projects must satisfy all four of the following basic eligibility requirements: Innovative Technology, Greenhouse Gas Benefits, Located in the United States, and Reasonable Prospect of Repayment.

Decarbonization Considerations

Consider utilizing loan guarantees to finance advanced grid integration, energy storage, on-site and off-site renewable energy, and electrification and energy efficiency improvements in residential and commercial buildings.

Equity Considerations

See the "Equity Design Considerations for Federal Funding" for general considerations and additional sector-based resources: https://cityrenewables.org/resources/equity-design-considerations-for-federal-funding/

Helpful Tips

Detailed program guidance is available here: https://www.energy.gov/lpo/articles/program-guidance-title-17-clean-energy-program

Other Notes

N/A

Deadline (Announced or Anticipated)

Rolling

Funding Available

$4,500,000,000

Max Award Amount

N/A

Expected Allocations

N/A

Average Award (Estimated)

N/A

Matching Funds

Not required

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