The Loan Programs Office (LPO) publishes the LPO Monthly Application Activity Report – a new way to understand the level of interest from applicants for LPO financing, and what technology sectors have been most actively engaged with LPO.
March 6, 2024
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Hi-res graphics for download: MAAR Metrics-Tech Sector Breakdown, MAAR Proposed Project Locations, and MAAR Remaining Program Authority
Each month, the LPO Monthly Application Activity report updates:
- The total number of current active applications that have been formally submitted to LPO (203 as of February 29, 2024 vs 205 as of January 31, 2024)
- The cumulative dollar amount of LPO financing requested in these active applications ($261.8 billion as of February 29, 2024 vs $263.1 billion as of January 31, 2024)
- The 24-week rolling average of new applications per week as of the close of the previous month (1.8 as of February 29, 2024 vs 2.1 as of January 31, 2024)
- Technology sectors represented by applications
- Proposed project locations represented by applications
The report breaks down the cumulative loan amount requested of current applications into general technology sectors that are potentially eligible under the Title 17 Clean Energy Financing Program (Title 17, Sections 1703 and 1706), Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, Tribal Energy Financing Program, or Carbon Dioxide Transportation Infrastructure Finance and Innovation (CIFIA) Program:
- Advanced Fossil (Carbon Feedstock Waste Conversion, Fossil Infrastructure Repurposing & Reinvestment, Hybrid Generation, Hydrogen Generated From Fossil Sources, Synfuel)
- Advanced Nuclear (Advanced Nuclear Reactors, Micro Reactors, Nuclear Fuel Cycle, Nuclear Supply Chain, Nuclear Uprates & Upgrades, Small Modular Reactors (SMRs))
- Advanced Vehicles & Components (Vehicles, Components, Lightweighting, Manufacturing, Electric Vehicle (EV) Battery Manufacturing, Electrification)
- Carbon Management (Carbon Capture & Storage (CCS), Carbon Dioxide Removal (CDR), Direct Air Capture (DAC), Industrial Decarbonization, CO2 Transportation Infrastructure)
- Clean Energy Supply Chain (Solar Manufacturing Supply Chain)
- Clean Fuels & Products (Advanced Biofuels, Biodiesel, Cellulosic Biofuels, Renewable Diesel, Renewable Natural Gas (RNG), Sustainable Aviation Fuel (SAF), Waste Conversion)
- Critical Materials (Extraction, Manufacturing, Mining, Processing, Recovery, Recycling)
- EV Charging (Deployment, Manufacturing)
- Hydrogen (Generation, Infrastructure, Transportation)
- Offshore Wind (Offshore Wind Generation, Offshore Wind Supply Chain & Vessels)
- Renewables Deployment (Geothermal, Hydrokinetics, Hydropower, Repowering Onshore Wind, Other Renewables Deployment)
- Storage (EV Bidirectional Storage, Newer Battery Chemistries & Flow Batteries, Compressed Air Energy Storage, Pumped Storage Hydropower, Thermal Energy Storage)
- Transmission (Grid Efficiency, Grid Reliability, High-Voltage Direct Current (HVDC) Systems, Offshore Wind Transmission, Systems Sited Along Rail & Highway Routes)
- Virtual Power Plants (Connected Distributed Energy Resources (DERs))
(These sectors are not an exhaustive list of technologies that may be eligible for LPO’s loan programs.)
Submission of an application or approval of an application for purposes of continuing due diligence, underwriting, and negotiations is not an assurance that DOE will offer a Conditional Commitment, a loan, or a loan guarantee. Potential borrowers are encouraged to engage with LPO staff in pre-application consultations to learn more about LPO’s programs and processes. Learn more about working with LPO: energy.gov/LPO/about-us and more about the LPO application process: energy.gov/lpo/application-process.
Jigar Shah
Former Director, Loan Programs Office
Jigar Shah served as Director of the Loan Programs Office (LPO) at the U.S. Department of Energy (DOE) from March 2021 to January 2025. He led and directed LPO’s loan authority to support deployment of innovative clean energy, advanced transportation, and Tribal energy projects in the United States. Prior, Shah was co-founder and President at Generate Capital, where he focused on helping entrepreneurs accelerate decarbonization solutions through the use of low-cost infrastructure-as-a service financing. Prior to Generate Capital, Shah founded SunEdison, a company that pioneered “pay as you save” solar financing. After SunEdison, Shah served as the founding CEO of the Carbon War Room, a global non-profit founded by Sir Richard Branson and Virgin Unite to help entrepreneurs address climate change.
Shah was also featured in TIME's list of the "100 Most Influential People" in 2024.
Originally from Illinois, Shah holds a B.S. from the University of Illinois-UC and an MBA from the University of Maryland College Park.