ESG Insider: A podcast from S&P Global cover image

ESG Insider: A podcast from S&P Global

Unpacking government’s role in catalyzing low-carbon solutions

Sep 27, 2023
09:08
Snipd AI
In this podcast, we sit down with Christopher Creed, Chief Investment Officer of the US Department of Energy's Loan Programs Office. He discusses how the office is deploying $350 billion worth of lending authority to catalyze energy projects in the US. They explore the impact of technologies like batteries, electric vehicles, and virtual power plants on transitioning to a low-carbon economy. They also discuss the importance of government initiatives in promoting renewable energy technologies and the impact of debt financing on attracting investors.
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Podcast summary created with Snipd AI

Quick takeaways

  • The US Department of Energy's Loan Programs Office aims to finance energy projects with $350 billion worth of lending authority, promoting the transition to cleaner technologies.
  • Debt financing plays a crucial role in de-risking clean energy investments and attracting more investors to the sector, by showing that clean energy projects can generate real returns and reducing uncertainty around costs and revenues.

Deep dives

The Role of Government in Catalyzing Energy Projects

Chris Creed, Chief Investment Officer of the Loan Programs Office within the Department of Energy, discusses the role of government in facilitating energy projects. With approximately $350 billion worth of lending authority, the Loan Programs Office aims to finance energy projects that promote the transition to cleaner technologies. Notable projects include the establishment of an Active Anode Assembly Facility in the United States to support battery supply chains for electric vehicles. Additionally, the department is exploring virtual power plants as a means to increase the percentage of renewable generation on the grid through load shifting.

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