The Bipartisan Infrastructure Law and Inflation Reduction Act greatly increased LPO’s capacity to promote critical investments in energy technology, transportation, and critical infrastructure in the United States; and LPO moved quickly and carefully to implement these changes in an effective manner that fulfills the mission of the office while protecting taxpayer resources. All told, FY 2022 marked the beginning of a new era of opportunities for federal support for low-carbon innovation and new avenues of economic growth. 

LPO achieved 4 new conditional commitments for over $4B in loans in FY 2022, significantly advancing its mission to empower the private sector in the clean energy transition. In FY 2022, LPO also closed its first loans in both its Title 17 and ATVM programs since 2015. 

Every active LPO borrower remaining in the portfolio repaid principal in FY 2022, achieving $1.7 billion in principal retirement and $523 million in interest payments to the U.S. Treasury. Cumulative principal payments now exceed $13.7 billion, 43% of the $31.6 billion LPO has disbursed. The portfolio remains concentrated in creditworthy assets, with 70% of exposure held by investment-grade borrowers, and it maintains a low aggregate loss rate of 3% of funds disbursed. 

Read the full report or view the presentation deck to learn more: 

LPO FY 2022 Annual Portfolio Status Report

LPO FY 2022 Annual Portfolio Status Report's Presentation Deck

Original source can be found here.