State Energy Financing Institution (SEFI) Toolkit

Today, the State of Michigan announced that the Michigan Department of Environment, Great Lakes, and Energy (EGLE) and the Michigan Economic Development Corporation (MEDC) have been determined to be State Energy Financing Institutions (SEFI) by LPO: https://lnkd.in/gDwiRMJM

With financial support or credit enhancements from an eligible SEFI, even projects that do not meet the Title 17 innovative technology requirement may qualify for funding through LPO’s Title 17 Clean Energy Financing program, and through SEFIs, LPO can augment state-administered clean energy programs, providing additional financial support to projects that align federal energy priorities with state-level ones.

If your company has an energy technology project but your business strategy needs state partners—whether for deployment or for SEFI support to enable an innovation waiver—be sure to check out LPO’s newly-updated SEFI toolkit at: Energy.gov/LPO/SEFIToolkit

This online resource publishes a list of SEFI RFIs to help guide potential applicants to the right contacts at various state agencies who can assess whether your project is a fit for state-level strategies. LPO’s SEFI toolkit can also help applicants, potential SEFIs, and policymakers understand the process for becoming a SEFI, communicate the types of SEFIs that are currently certified, and provide SEFIs a resource for sharing relevant financial assistance opportunities with prospective borrowers through the SEFI Partnership Portal.

In addition to the SEFI Toolkit, learn more about SEFIs at LPO’s Title 17 SEFI-supported project category page at: Energy.gov/LPO/SEFI and download a 2-page summary handout at: https://lnkd.in/gEi4ZdBF