Department of Energy Loan Programs Office

“That first commercial facility is a billion dollars. You tell me you're going to go out and raise a billion dollars of equity and then build that plant. No, you are not. You're going to have to use the loan programs office, but they're scared.”

“There are states that you think should be competent that aren't. Right. They are not applying for the money that we have. And we will literally say to them, here is the 14 step process you should follow to use this because you only have two hundred million dol…”

“We had about 77 applications that came in seeking roughly seventy-seven billion dollars of cash. Now, seventy-seven billion dollars of cash was against 44, or forty billion dollars, sorry, worth of loan authority that we had, right? So now we were oversubscrib…”

“I would say they are less than 20% of the total capital that we're seeing going into each one of these sectors, which I don't know that I care about.”

“In order to build ten million tons of hydrogen, you're talking about 200 gigawatts of renewables that have to then be built and then converted into hydrogen.”

“But like, for closed loans and loans that have obligated funds, I think they'll honor all those loans.”