November 2022 Monthly Application Activity Report

Hi-res graphics for download: MAAR Monthly Totals and MAAR Technology Sectors 

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 steady at 98)
2. The cumulative dollar amount of LPO financing requested in these active applications ($98.7 billion as compared to $104.5 billion as of October 30, 2022)
3. The 24-week rolling average of new applications per week as of the close of the previous month (increased from 1.3 to 1.5 average applications per week)
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 Clean Energy Loan Guarantee Program, Advanced Technology Vehicles Manufacturing Loan Program, or Tribal Energy Loan Guarantee Program: 

• Advanced Fossil (Fossil Infrastructure Repurposed/Hybrid, Hydrogen, Industrial Decarbonization, Synfuel, Waste Conversion)
• Advanced Nuclear (Small Modular Reactors, Micro Reactors, Nuclear Supply Chain, Nuclear Front-End)
• Advanced Vehicles & Components (Vehicles, Components, Lightweighting, Manufacturing)
• Biofuels (Advanced Biofuels, Biodiesel, Cellulosic Biofuels, Renewable Diesel, Sustainable Aviation Fuel (SAF))
• Carbon Management (Carbon Capture, Utilization & Storage (CCUS), Carbon Dioxide Removal (CDR))
• Critical Materials (Extraction, Manufacturing, Mining, Processing, Recovery, Recycling)
• EV Charging (Deployment, Manufacturing)
• Hydrogen (Generation, Infrastructure, Transportation)
• Onshore & Offshore Wind (Offshore Wind Generation, Onshore Wind Infrastructure)
• Other Renewable Energy (Electrification, Geothermal, Hydrokinetics, Hydropower, Solar, Waste Conversion)
• Storage (Electric Vehicle (EV) Battery Manufacturing, 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

Director of the Loan Programs Office

Original source can be found here.