DOE Loan Programs Office

“When I go to New York and talk to the big money center banks on Wall Street, they Often we'll say that the process of going through the loan programs office is as hard or harder than going through their process, and therefore, if someone successfully gets thro…”

“We're not supposed to get involved in stuff that truly has binary risk associated with it. We're supposed to get involved where, you know, things are misunderstood.”

“I mean, in general, we're a liquidity instrument. We're not, A subsidy instrument, right? So maybe our interest rates are more competitive than commercial debt might be, but that's not intended to be a subsidy. It's intended to be you know, market rate debt”

“The vast majority of companies like Monolith that come into the loan programs office are experts at equity and not really well staffed on debt. And they don't really think debt, they think equity. And as a result, they think, The grass is always greener, and t…”

“One thing with Goodyear and Michelin that I've found fascinating is that, and they're all good people, but like, they have a venture capital arm, right? And they have like, contract for differences, renewable energy, electricity contracts that they've signed f…”

“This project is really well structured. It was rated at investment grade for the loan, so it's actually really well structured. Many of our projects are triple C or single B in terms of its shadow credit rating”

“It's notable that the LPO just issued a conditional commitment to guarantee an over five hundred million dollar loan to the ACES project, which would become the largest green hydrogen hub in America by a long shot.”

“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.”

“If you talk to the people at the DOE, the loans office, they'll tell you what needs to be replicated and done the same way over and over again is not necessarily the hardware, the chunks of hardware, it's construction practices. It's the construction sub parts…”

“Our estimates is that this would cost roughly thirty-five million dollars per utility to put all the software layers in place from the venture-backed companies that have created them to be able to, you know, actually fully integrate this whole suite, right?”