The Department of Energy and its Loan Programs Office (LPO) has expanded authority through the Bipartisan Infrastructure Law and the Inflation Reduction Act (IRA) to support investments in energy infrastructure and innovation. As part of the IRA, Congress granted up to $250 billion in new authority to finance projects that reinvest in the nation’s energy infrastructure, including repurposing or replacing infrastructure that has ceased operations, and enabling operating infrastructure to reduce air pollution or greenhouse gas emissions.

In addition to its history of supporting loans for innovative technologies, LPO can now support deployment of commercial clean energy projects if eligible projects are backed by state energy financing institutions (SEFIs). Examples of eligible projects could include energy projects on multifamily or commercial portfolios, industrial decarbonization portfolios, affordable consumer financing for residential projects, and virtual power plants (VPPs).

Join this National Association of State Energy Officers webinar to learn from LPO leadership and state peers about how LPO’s new authority can benefit your state. Register for this webinar.