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Assistance listing · 81.126

Federal Loan Guarantees for Innovative Energy Technologies

Federal financial assistance obligated under listing 81.126, the organisations that receive it and where it goes.

USAspending caveat. Figures are obligations reported by federal agencies to USAspending.gov, not payments. In USAspending's words: "An outlay occurs when federal money is actually paid out, not just promised to be paid ('obligated')." "Every agency has a Senior Accountable Official who must officially certify that the quarterly financial data submitted by their agency is accurate and complete." "If there are any discrepancies in procurement data, FPDS is the authoritative source." Contract data for the Department of Defense and the U.S. Army Corps of Engineers is published with a 90-day delay. Data loaded 30 Sep 2026.

Federal agencies obligated $1.4B in awards under assistance listing 81.126, Federal Loan Guarantees for Innovative Energy Technologies, in FY2025, and $3.7B over the five fiscal years since FY2022; the program ranks 145 of 1056 on this site.

Obligations were up 59% on FY2024 ($880M), with $559M so far in FY2026.

The largest recipient organisations over FY2022–FY2025 were Rivian New Horizon, LLC ($497M), Redwood Battery Materials NV, LLC ($407M) and Blueoval SK, LLC ($232M).

By place of performance, the most money went to CA, NV and MI.

$1.4Bobligations, FY2025FY2025 (1 Oct 2024 – 30 Sep 2025) · obligations
$3.7Bfive-year totalFY2022–FY2026 to date · obligations
$559MFY2026 to dateFY2026 · obligations
145 of 1056rank among programs on this sitefive-year obligations
43awards of $1.0M+ since FY2022FY2022–FY2026

Obligations by fiscal year

$448M
$450M
$880M
$1.4B
$559M
FY2022FY2023FY2024FY2025FY2026*
Obligations under listing 81.126 by fiscal year. *FY2026 runs to the data date and is incomplete.

Compared with the largest program FY2025

MeasureThis programGrants to States for MedicaidAll assistance
Obligations, FY2025$1.4B$666B$4.5T
Five-year total$3.7B$3.2T$21T
Share of all assistance obligations, five years0%15.2%100%

Largest recipients obligations, FY2022–FY2025

#OrganisationObligations
1Rivian New Horizon, LLC$497M
2Redwood Battery Materials NV, LLC$407M
3Blueoval SK, LLC$232M
4Lithium Nevada Corp.$191M
5Arizona Solar One LLC$184M
6Esm Atlis, LLC$150M
7Koreplex, LLC$143M
8Ioneer Rhyolite Ridge LLC$142M
9Ultium Cells LLC$124M
10Ultium Cells LLC$124M
11Entek Lithium Separators LLC$116M
12Montana Renewables LLC$115M
13Clean Flexible Energy LLC$74M
14Grain Belt Express LLC$69M
15Desert Sunlight 300, LLC$60M
16Cellink Corporation$59M
17Novonix Enterprise South LLC$54M
18Desert Sunlight 250, LLC$49M
19Convergent Ashford Borrower LLC$46M
20Eos Energy Enterprises, Inc.$43M
21Amanecer Puerto Rico LLC$40M
22Li-Cycle US Holdings Inc$37M
23Advanced Clean Energy Storage I, LLC$35M
24Plug Power Energy Loan Borrower LLC$29M
25Zum Energy Geo, LLC$22M

Awarding agencies $1.0M+ awards

Where the money goes

Nevada$740M
Ohio$248M
Arizona$184M
Idaho$143M
Oregon$116M
Montana$115M

Largest awards since FY2022

RecipientAwarding agencyTypeAward valueBegunPlaceRecord
Blueoval SK, LLCDepartment of EnergyLoanDirect Loan (e)$28Bloan face value22 Jun 2023MIUSAspending
Blueoval SK, LLCDepartment of EnergyLoanDirect Loan (e)$18Bloan face value13 Dec 2024MIUSAspending
Starplus Energy LLCDepartment of EnergyLoanDirect Loan (e)$14Bloan face value2 Dec 2024INUSAspending
Rivian New Horizon, LLCDepartment of EnergyLoanDirect Loan (e)$10.0Bloan face value25 Nov 2024CAUSAspending
Ultium Cells LLCDepartment of EnergyLoanDirect Loan (e)$5.0Bloan face value25 Jul 2022OHUSAspending
Grain Belt Express LLCDepartment of EnergyLoanDirect Loan (e)$4.4Bloan face value25 Nov 2024ILUSAspending
Redwood Battery Materials NV, LLCDepartment of EnergyLoanDirect Loan (e)$3.8Bloan face value9 Feb 2023NVUSAspending
Andp Holdco LLCDepartment of EnergyLoanGuaranteed/Insured Loan (F)$3.6Bloan face value23 Jun 2026—USAspending
Andp Holdco LLCDepartment of EnergyLoanGuaranteed/Insured Loan (F)$3.6Bloan face value23 Jun 2026—USAspending
Andp Holdco LLCDepartment of EnergyLoanDirect Loan (e)$3.5Bloan face value23 Jun 2026—USAspending

Other programs numbered 81.xxx

Questions and answers

How much is obligated under assistance listing 81.126?

$1.4B in FY2025 and $3.7B over the five fiscal years since FY2022, counting every award type recorded under the listing (grants, direct payments, loan subsidy cost, insurance and other assistance). Obligations are commitments, not payments.

Who receives the most under Federal Loan Guarantees for Innovative Energy Technologies?

Rivian New Horizon, LLC ($497M), Redwood Battery Materials NV, LLC ($407M), Blueoval SK, LLC ($232M), Lithium Nevada Corp. ($191M), Arizona Solar One LLC ($184M). Individuals are never listed; where a program pays individuals, USAspending records aggregated rows that appear here as "not shown".

What is an assistance listing (CFDA) number?

A five-digit number that identifies a federal financial assistance program on SAM.gov (formerly the Catalog of Federal Domestic Assistance). Every grant, loan, direct payment or other assistance award on USAspending carries one; contracts do not.

Provenance

Source: USAspending.gov API v2, spending by category (assistance listing) by fiscal year, recipient cross-tabulation for FY2022–FY2025 and award search, loaded 30 Sep 2026. State figures come from each state's top-100 listing table, so small amounts in a state may be missing. See methodology.