Loan Programs Office Archives https://www.powermag.com/tag/loan-programs-office/ The power industry's trusted source for generation technology, O&M, and legal & regulatory news for coal, gas, nuclear, hydro, wind & solar power plants; power jobs Tue, 22 Apr 2025 19:24:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://www.powermag.com/wp-content/uploads/2020/11/cropped-p-power-32x32.jpg Loan Programs Office Archives https://www.powermag.com/tag/loan-programs-office/ 32 32 DOE Releases More Funding to Reopen Palisades Nuclear Plant https://www.powermag.com/doe-releases-more-funding-to-reopen-palisades-nuclear-plant/ https://www.powermag.com/doe-releases-more-funding-to-reopen-palisades-nuclear-plant/#respond Tue, 22 Apr 2025 18:43:15 +0000 https://www.powermag.com/?p=232898 Energy Secretary Chris Wright on April 22 announced the release of the third loan disbursement to Holtec for the reopening of the Palisades Nuclear Plant in Michigan.

The post DOE Releases More Funding to Reopen Palisades Nuclear Plant appeared first on POWER Magazine.

In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

]]> https://www.powermag.com/doe-releases-more-funding-to-reopen-palisades-nuclear-plant/feed/ 0 DOE’s Loan Programs Office Offers Game-Changing Possibilities https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/ https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/#respond Thu, 10 Apr 2025 16:59:19 +0000 https://www.powermag.com/?p=232234 As the presidential inauguration loomed on the horizon in January this year, the U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) published a “year-in-review” article, highlighting accomplishments from 2024 and looking ahead to the future. It noted that the previous four years had been the most productive in the LPO’s history. “Under the Biden-Harris […]

The post DOE’s Loan Programs Office Offers Game-Changing Possibilities appeared first on POWER Magazine.

money-deal-merger-acquisition

]]> https://www.powermag.com/does-loan-programs-office-offers-game-changing-possibilities/feed/ 0 Trump Administration Backs $1.52B Loan for Palisades Nuclear Restart https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/ https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/#respond Mon, 17 Mar 2025 22:29:03 +0000 https://www.powermag.com/?p=230936 The Trump administration has released a second loan disbursement of $56.8 million to Holtec International as part of an up to $1.52 billion loan guarantee for the restart of the 800-MW Palisades Nuclear Plant in Michigan. The funding, a key step in reviving the shuttered facility, reinforces a loan guarantee initially issued under the Biden […]

The post Trump Administration Backs $1.52B Loan for Palisades Nuclear Restart appeared first on POWER Magazine.

In September 2024, the Department of Energy finalized a $1.52 billion loan guarantee to Holtec Palisades LLC to support the restoration and recommissioning of the 800-MW Palisades Nuclear Plant in Covert Township, Michigan. Originally shut down in May 2022, the plant is set to return to service and operate until at least 2051, pending U.S. Nuclear Regulatory Commission approvals. It could mark the first-ever recommissioning of a retired nuclear power plant in U.S. history. Source: DOE

]]> https://www.powermag.com/trump-administration-backs-1-52b-loan-for-palisades-nuclear-restart/feed/ 0 Plug Power Gets $1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel https://www.powermag.com/plug-power-gets-1-7-billion-loan-guarantee-from-doe-to-produce-hydrogen-fuel/ https://www.powermag.com/plug-power-gets-1-7-billion-loan-guarantee-from-doe-to-produce-hydrogen-fuel/#respond Sun, 19 Jan 2025 16:22:40 +0000 https://www.powermag.com/?p=227956 The U.S. Dept. of Energy (DOE) has continued to announce billions of dollars of loan guarantees to energy companies in the final days of the Biden administration, including for upgrades to energy infrastructure. The DOE’s Loan Programs Office (LPO) on Jab. 16 said it had given a $1.66 billion loan guarantee to Plug Power’s subsidiary, […]

The post Plug Power Gets $1.7 Billion Loan Guarantee From DOE to Produce Hydrogen Fuel appeared first on POWER Magazine.

Hydrogen-Adoption_Hydrogen-Cities-V2

]]> https://www.powermag.com/plug-power-gets-1-7-billion-loan-guarantee-from-doe-to-produce-hydrogen-fuel/feed/ 0 Biden’s DOE Finalizes $15 Billion Loan Guarantee to California’s PG&E https://www.powermag.com/bidens-doe-finalizes-15-billion-loan-guarantee-to-californias-pge/ https://www.powermag.com/bidens-doe-finalizes-15-billion-loan-guarantee-to-californias-pge/#respond Fri, 17 Jan 2025 21:17:59 +0000 https://www.powermag.com/?p=227933 The Biden administration has finalized a $15 billion loan guarantee to California utility Pacific Gas & Electric (PG&E), in the biggest outlay to a single group in the history of the Dept. of Energy’s (DOE) Loan Programs Office (LPO). The Jan. 17 announcement comes one day after the outgoing administration said it would provide nearly […]

The post Biden’s DOE Finalizes $15 Billion Loan Guarantee to California’s PG&E appeared first on POWER Magazine.

PG&E

]]> https://www.powermag.com/bidens-doe-finalizes-15-billion-loan-guarantee-to-californias-pge/feed/ 0 DOE Announces $15 Billion Loan Guarantee for PG&E https://www.powermag.com/doe-announces-15-billion-loan-guarantee-for-pge/ https://www.powermag.com/doe-announces-15-billion-loan-guarantee-for-pge/#respond Tue, 17 Dec 2024 14:49:48 +0000 https://www.powermag.com/?p=226864 The U.S. Department of Energy’s (DOE’s) Loan Programs Office (LPO) has announced a conditional commitment for a loan guarantee of up to $15 billion to Pacific Gas & Electric, (PG&E), the natural gas and electric utility serving Northern and Central California. It’s the largest loan guarantee ever for the LPO, which under the Biden administration […]

The post DOE Announces $15 Billion Loan Guarantee for PG&E appeared first on POWER Magazine.

PGE Pacific Gas & Electric

]]> https://www.powermag.com/doe-announces-15-billion-loan-guarantee-for-pge/feed/ 0 Mobility, Flexibility, Scalability: SMRs Forging Nuclear’s Future https://www.powermag.com/mobility-flexibility-scalability-smrs-forging-nuclears-future/ https://www.powermag.com/mobility-flexibility-scalability-smrs-forging-nuclears-future/#respond Tue, 19 Nov 2024 17:00:08 +0000 https://www.powermag.com/?p=225392 The need for emissions-free power generation, along with the ability to provide more power when and where it’s needed, is driving research and development of smaller nuclear reactors. Energy industry

The post Mobility, Flexibility, Scalability: SMRs Forging Nuclear’s Future appeared first on POWER Magazine.

Fig7-OKLO-small-modular-reactor-SMR-nuclear-power-plant

]]> https://www.powermag.com/mobility-flexibility-scalability-smrs-forging-nuclears-future/feed/ 0 DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects https://www.powermag.com/doe-loan-programs-office-publishes-community-benefits-plans-for-energy-projects/ https://www.powermag.com/doe-loan-programs-office-publishes-community-benefits-plans-for-energy-projects/#respond Tue, 29 Oct 2024 19:26:56 +0000 https://www.powermag.com/?p=224887 The U.S. Dept. of Energy’s (DOE’s) Loan Programs Office (LPO) has published Community Benefits Plans (CBPs) for several projects that recently finalized financing from the agency. The projects include the restart of the Palisades nuclear power station in Michigan, which is expected next year. The DOE on Oct. 29 said the CBPs are part of […]

The post DOE Loan Programs Office Publishes Community Benefits Plans for Energy Projects appeared first on POWER Magazine.

Palisades-nuclear-plant-Entergy

]]> https://www.powermag.com/doe-loan-programs-office-publishes-community-benefits-plans-for-energy-projects/feed/ 0