Here’s every Biden-era energy loan — now all under…
The DOE Loan Programs Office gave out $107 billion to 53 projects, from EV factories to a nuclear-plant restart. But the fate of the loans is unclear under Trump.
The Department of Energy made an unprecedented number of loans to ambitious clean energy projects throughout the Biden administration. Now the fate of that financing is uncertain amid President Trump’s ongoing attacks on federal climate and clean energy spending. — Canary Media
“Under Biden, the DOE’s Loan Programs Office issued a total of 53 loans and loan guarantees worth over $107 billion. They went to large-scale projects including electric-vehicle factories from Ford and Rivian, the restart of the Palisades nuclear power plant in Michigan, and facilities that produce sustainable aviation fuel.” — Canary Media
LPO Year in Review 2024
These past four years have been the most productive in LPO’s history. Under the Biden-Harris Administration, the Office has announced 53 deals totaling approximately $107.57 billion in committed project investment––approximately $46.95 billion for 28 active conditional commitments and approximately $60.62 billion for 25 closed loans and loan guarantees. — U.S. Department of Energy (LPO)
“As of January 17, there are over 160 applicants seeking over $200B in loan proceeds to develop their projects (see the Monthly Application Activity Report below). These projects are proposed by the best and brightest of U.S. entrepreneurs and innovators––and they are depending on LPO’s continued support and vigilance.” — U.S. Department of Energy (LPO)
Trump administration to audit billions in energy grants awarded under Biden
“The Trump administration said on Thursday it will audit some $15 billion in grants to power grid and manufacturing supply chain projects awarded during the Biden administration… The DOE ‘has been hard at work reviewing the billions of dollars that were rushed out the door, particularly in the final days of the Biden administration, and what we have found is concerning,’ Energy Secretary Chris Wright said.” — Reuters
Context and verification (selected points from verified sources):
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The Loan Programs Office reports roughly $107.57 billion in committed project investment across 53 deals during the Biden administration, split into conditional commitments (~$46.95B) and closed loans/guarantees (~$60.62B). — U.S. Department of Energy (LPO)
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Independent reporting and industry coverage note the LPO portfolio includes EV factories, nuclear restarts, transmission and storage projects, and manufacturing supply-chain investments. — Canary Media
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The new administration announced audits and reviews targeting a smaller subset of grants and awards (reporting on an initial ~$15B of grants under review), not an admitted criminal “laundering” operation. — Reuters
Images
Sources
- “Here’s every Biden-era energy loan — now all under threat from Trump,” Canary Media — Here's every Biden-era energy loan — now all under… | Canary Media
- “LPO Year in Review 2024,” U.S. Department of Energy, Loan Programs Office — https://www.energy.gov/lpo/articles/lpo-year-review-2024
- “Trump administration to audit billions in energy grants awarded under Biden,” Reuters — https://www.reuters.com/sustainability/climate-energy/trump-administration-audit-billions-energy-grants-awarded-under-biden-2025-05-15/
Join the Discussion
- Which piece of the LPO funding picture surprised you most: the $107.57B total, the split between conditional and closed commitments, or the types of projects funded?
- Do you agree with the Trump administration’s decision to audit and review selected awards — why or why not?
- How should Congress and watchdogs balance rapid deployment of clean-energy financing with oversight and transparency?
- For communities or companies working on energy projects: how have LPO investments affected local jobs or projects you know about?
- What additional information or documents would help you evaluate whether final‑hour awards were appropriate?