DOE Loan Programs Office

Energy Department Announces $1.5B Loan for Indiana Fertilizer Facility

The Department of Energy's Loan Programs Office has closed a $1.5 billion loan to Wabash Valley Resources, LLC, for a coal and ammonia fertilizer facility in Indiana. This initiative aims to boost domestic fertilizer production and strengthen national food security.

Energy Department Closes $1 Billion Loan for Nuclear Plant Restart

The Department of Energy has closed a $1 billion loan to Constellation Energy Generation, LLC, to finance the restart of the Crane Clean Energy Center nuclear power plant in Pennsylvania. This initiative supports the administration's goals of lowering energy costs and strengthening the domestic nuclear industrial base.

Energy Department Restructures $83 Billion in Loans and Commitments

The U.S. Department of Energy announced the restructuring, revision, or elimination of over $83 billion in loans and conditional commitments from the Biden-era portfolio. This action involves reallocating funds from wind and solar projects to natural gas and nuclear initiatives.

Energy Department Announces $26.5B Loan for Electricity Cost Savings

The Department of Energy announced a $26.5 billion loan package, the largest in its history, to Southern Company subsidiaries. This initiative is projected to save customers in Georgia and Alabama over $7 billion in electricity costs and enhance grid reliability.