Loan Programs Office

“People are so afraid of having anyone hate them that they're like, oh, I don't want to mention that we're a, we're an applicant to the loan programs office. I don't want to mention that we're, you know, applying for this grant or whatever else, right? That's n…”

“You know, we invested in Tesla, and that spurred the entire electrical vehicle market, and that wouldn't have happened without that government capital at a cheap rate.”

“The second major thing we're noticing across these mega deals is if you look at the funding they've raised in the last two years, I think six out of 10 had raised significant hundreds of millions of dollars of public financing or government-funded rounds, whet…”

“Loan Programs Office was the big winner in the Inflation Reduction Act, so they have, you know, 11.7 billion dollars of new loan appropriations that they're trying to execute on.”

“I think the LPO now with IRA money is, you know, has about four hundred billion dollars in resources, and I think they've become, for lack of a better word, must-see TV, or the key stop for any company that's doing an ambitious climate tech, hard tech startup,…”

“Just in the next six months or so, it's almost, it's more than, like, forty-three billion. That's just right now. I mean, we've already deployed sixty-seven billion. So there's a ton, and that's not even including the loan program.”

“This two hundred fifty billion dollars in lending authority for something called the energy infrastructure reinvestment program. It's also called section, section 17 oh six.”

“Obviously, where we have over four hundred billion dollars of loan authority that we're putting to work to get this done.”

“We have a 134 applications in the Loan Programs Office seeking a hundred and twenty-one billion dollars of loan proceeds. It's in about a 165 locations out of those 134 applications, and many of them are in red districts.”

“You know, look, I think lithium, we're clearly on track, whether it's the Salton Sea, or whether it's Nevada, or whether it's, you know, some of the other mines that we've already identified in the processing facilities that the Loan Programs Office will fund.…”

“The LPO is really well set up for big stuff, And even there, first of all, you know, they're not intending to take a ton of technology risk either, so you have to be fairly mature and at a fairly large scale for the LPO funding to make sense for you.”

“We were able to call 500 CEOs across the climate tech space and say, what do you need? Like, you know, what do you need to actually do what you've said you're going to do? And it was the first time that these CEOs had ever interacted in policy directly, and th…”

“Jigar's committed to invest in projects that have first mover coalition companies as offtakers, because, you know, that, that de-risks his loan guarantee.”

“I think we have fifteen billion dollars at this point of sustainable aviation fuel projects that have been proposed to the office.”

“And our statute allows us to do the first, you know, two to six facilities.”

“You do have to pay for all of our costs, which can easily be one and a half to two million dollars to sort of do due diligence on the project, right?”