Tracking every major DOE loan and loan guarantee, from nuclear restarts to EV factories to transmission upgrades. Now rebranded as the Office of Energy Dominance Financing.
Every major DOE LPO loan and loan guarantee. Click column headers to sort. Filter by category or search by company name.
| Company ▼ | Amount ▼ | Type ▼ | Category ▼ | Purpose ▼ | Status ▼ | Date ▼ | Jobs ▼ |
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How the $129.1B in total LPO commitments (loans + conditional) breaks down across energy sectors.
The DOE loan program has funded some of America's biggest energy success stories. Many forget these were LPO-backed.
The ATVM loan helped Tesla build out its Fremont factory and launch the Model S. Tesla repaid the full amount nine years ahead of schedule, the first automaker to fully repay an LPO loan. Tesla is now worth over $800B. Return on taxpayer investment: immeasurable.
The first new U.S. nuclear reactors built in a generation. Despite massive cost overruns and delays, Vogtle Units 3 & 4 are now operating, providing 2.2 GW of carbon-free baseload power to Georgia. The LPO loan guarantee kept the project alive through its darkest days after Westinghouse went bankrupt in 2017.
One of LPO's earliest loans helped Ford upgrade 13 facilities in six states to produce more fuel-efficient vehicles. DOE estimated the loan saved 33,000 jobs during the auto industry crisis. Ford didn't need a bailout, it had LPO.
Several utility-scale solar projects funded under Section 1705 have fully repaid their loans, including Desert Sunlight (550 MW), Topaz Solar Farm (550 MW), and Agua Caliente (290 MW). These projects proved that large-scale solar was bankable.
Yes, Solyndra happened. But the portfolio's overall loss rate of 2.1% compares favorably to commercial bank averages. Congress actually budgeted for some defaults, that's how loan programs work.
The poster child for government lending failures. The cylindrical-panel solar manufacturer went bankrupt as Chinese silicon panel prices collapsed. It remains the largest single LPO loss, but represents just ~1% of total disbursements. The DOE IG found procedural issues but no fraud.
Fisker received $192M of a $529M ATVM commitment before DOE halted disbursements when Fisker missed milestones. The company eventually went bankrupt. DOE recovered $53M. notably, DOE's oversight caught the problems early and limited losses.
Another solar manufacturer felled by plummeting Chinese panel prices. Like Fisker, DOE limited exposure by halting disbursements. Of the $400M commitment, only ~$68M was actually disbursed.
Bottom line: The LPO has generated net positive returns for taxpayers, even accounting for every default including Solyndra.
The Loan Programs Office has been renamed the "Office of Energy Dominance Financing" (EDF) and refocused. Here's the timeline of what's happened since January 2025.
Shah, who led LPO from March 2021 through January 2025, oversaw the most productive period in LPO history: 53 deals totaling ~$108B. "Unleashing American Energy" executive order pauses IRA/BIL fund disbursements.
First significant LPO disbursement under Trump, for an alternative jet fuel refinery in Montana. DOGE begins cutting DOE staff; LPO layoffs hit 45 workers.
Former ARPA-E director takes over. $56.8M disbursement to Palisades nuclear restart approved, signaling continued support for nuclear. LPO not accepting new applications.
DOGE targets LPO staff, at least half the office's workforce departs. Nuclear advocates raise alarm about losing technical expertise. Reports emerge Genatowski may already be on his way out.
Despite support from Energy Secretary Chris Wright, Genatowski is removed. LPO has now had three directors in Trump's first six months. No new applications being accepted; no new conditional commitments finalized.
The Working Families Tax Cut Act renames the Energy Infrastructure Reinvestment program to "Energy Dominance Financing." New eligibility for coal, oil & gas, and critical minerals projects. $250B in loan guarantee authority through 2028. Credit subsidy funds slashed.
$1.6B loan guarantee to AEP subsidiary for 5,000 miles of Midwest transmission upgrades, actually a Biden-era deal finalized under new branding. Wright touts it as energy dominance while canceling the $4.9B Grain Belt Express wind/solar transmission line.
Constellation Energy receives $1B loan for the Crane Clean Energy Center (TMI-1) restart, the first brand-new loan closed under Trump. First time LPO simultaneously declared conditions met and closed a loan. Bipartisan support for nuclear continues.
Following Trump's coal executive order, Secretary Wright announces $200B in EDF financing available for coal energy investments. Three loans finalized: transmission rebuilding, coal-powered fertilizer production, and TMI restart. Portfolio at 46 active loans + 25 conditional commitments totaling $118B.
As former director Jigar Shah noted: "One of the challenges you have here is that you have a bunch of people who don't really understand what they want to do with the Loan Programs Office."
What $98B in government-backed energy loans has actually produced for America.
This tracker compiles data from the DOE Office of Energy Dominance Financing (formerly LPO) portfolio performance page, official deal announcements, GAO reports, and financial filings. Portfolio summary figures are as of December 31, 2025. Individual loan amounts represent approximate principal at closing or commitment announcement, excluding capitalized interest. Jobs figures are estimates from DOE announcements and may include both construction and permanent positions.
Last updated: March 2026 · DOE EDF Portfolio · GAO-25-106631