March 2022 Monthly Application Activity Report

Each month, the LPO Monthly Application Activity report updates:

1. The total number of current active applications that have been formally submitted to LPO (Remained at 77)
2. The cumulative dollar amount of LPO financing requested in these active applications ($75.9 billion as compared to $70.8 billion as of February 28, 2022)
3. The 24-week rolling average of new applications per week as of the close of the previous month (1.5 average applications per week as compared to 1.6 as of February 28, 2022)
4. Technology sectors 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 Innovative Energy Loan Guarantee Program, Advanced Technology Vehicles Manufacturing Loan Program, or Tribal Energy Loan Guarantee Program: 

• Advanced Fossil
• Advanced Nuclear
• Advanced Vehicles & Components
• Biofuels
• Carbon Capture, Utilization & Storage (CCUS)
• Critical Materials
• EV Charging (includes deployment and manufacturing)
• Hydrogen
• Onshore & Offshore Wind
• Other Renewable Energy (includes technologies such as advanced manufacturing, geothermal, hydropower, solar, waste-to-energy)
• Storage
• Transmission
• Virtual Power Plants

(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.

Original source can be found here.