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The ppc64le template is missing the bit that allows direct boot from a USB storage device without manually specifying inst.stage2= parameter. It is https://github.com/weldr/lorax/commit/c53de4e63c37a2272e0699b3a4cc82fce51379da. I am not sure if https://github.com/weldr/lorax/commit/372bef945f2addbf66c35bce8439f3508ee2ab8a is also needed or not.

In Fedora it's since F-30 and it went to RHEL 7.7 too (via bug #1402328).

Yes the isolabel patch is also required, the pungi initrd looks like "append initrd=initrd.img inst.stage2=hd:LABEL=RHEL-8-1-0-BaseOS-x86_64 quiet"

*** Bug 1765112 has been marked as a duplicate of this bug. ***

*** Bug 1802407 has been marked as a duplicate of this bug. ***

------- Comment From danielgb.com 2020-02-13 19:34 EDT-------
Quite right, per comment #10 (#1 on Red Hat bugzilla) RHEL-8.2.0-20191219.0-ppc64le-dvd1.iso was tested and performs correctly.

Created attachment 1663068 [details]
rdsosreport.txt

Created attachment 1663069 [details]
console from booting

Created attachment 1663070 [details]
grub configuration on install CD

Since the problem described in this bug report should be
resolved in a recent advisory, it has been closed with a
resolution of ERRATA.

For information on the advisory, and where to find the updated
files, follow the link below.

If the solution does not work for you, open a new bug report.

https://access.redhat.com/errata/RHBA-2020:1608