DOE Announces Nearly $23 Billion in Conditional Loan Guarantees for Generation and Transmission Projects

On January 17, 2025, DOE announced the commitment of nearly $23 billion in conditional loan guarantees for several projects including clean energy generation and transmission under the title 17 Energy Infrastructure Reinvestment (EIR) program, funded by IRA section 50141. Utilities with projects include: PacificCorp, DTE Energy, Consumers Energy, AEP, Alliant Energy and FirstEnergy. Generation projects include wind, solar, hydropower, and energy storage. The funding also covers transmission and substation investments, and projects to reduce natural gas distribution leaks.