October saw one of the largest month-to-month increases in requests for U.S. Department of Energy (DOE) loan and loan guarantee financing via LPO for innovative clean energy, advanced transportation, tribal energy, energy infrastructure reinvestment, and CO2 transportation infrastructure projects to date: https://lnkd.in/g6xx7iUu
Here are the latest statistics on active applications for LPO financing through October 31, 2022:
• The number of current active applications increased from 91 to 98 last month.
• The cumulative amount in LPO loans and loan guarantees requested by active applications has surpassed the $100 billion mark for the first time, increasing by $11.9 billion from $92.6 billion to $104.5 billion during October.
• The top three LPO tech sectors by cumulative application amounts requested continue to be: 1) Advanced Vehicles & Components, 2) Advanced Nuclear, and 3) Biofuels, which together account for 43% of cumulative funding requested by all active applications as of the end of October.
Read more about the 13 LPO tech sectors used in the monthly report and examples of what types of technology areas of interest are included within each at:Â Energy.gov/LPO/MAAR
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