clean energy

DOE Voucher Provider Program is open for applications

The U.S. Department of Energy (DOE) today announced the reopening of five voucher opportunities (VOs) to accelerate clean energy technology adoption and the launch of two new VOs with $15 million in available funding to support manufacturers via the Voucher Program. The solicitations are structured so the first submission window solicits proposals from potential voucher providers and the second, which should be open soon, will be from potential voucher recipients. The application deadline for the first window is no later than July 9, 2024, at 3:00 p.m. ET.

IRS updates energy credits to comply with IRA, could unlock tax-exempt clean energy production

The Internal Revenue Service (IRS) has released its final rules, as required by the Inflation Reduction Act, to make many clean energy tax credits transferable (able to be sold to a third party) or available for elective pay (a direct payment to the credit holder). Both rules may help expand investment in clean energy by providing mechanisms that get capital to the project’s developer immediately, even if the developer is a nonprofit or public entity that would never have paid any taxes on the project. Credits covered by the rules include the production tax credit, investment tax credit, advanced manufacturing credit, and the hydrogen production credit. For more information on the energy tax credits renewed or created in the Inflation Reduction Act, visit epa.gov; for the new IRS rules, visit treasury.gov.

EPA announces eight selections for $20 billion in grants under the Greenhouse Gas Reduction Fund

The U.S. Environmental Protection Agency has announced its selections for $20 billion in grant awards under two competitions within the $27 billion Greenhouse Gas Reduction Fund (GGRF). The three selections under the $14 billion National Clean Investment Fund and five selections under the $6 billion Clean Communities Investment Accelerator will, according to an announcement from the EPA, “create a national clean financing network for clean energy and climate solutions across sectors…. By financing tens of thousands of projects, this national clean financing network will mobilize private capital to reduce climate and air pollution….”

Geo-targeting could be the answer to a greener America

Countries participating in the COP28 climate summit agreed this week to call for "transitioning away from fossil fuels in energy systems…”  Earlier this year, researchers at Nature Communications said a full transition from fossil fuels could displace 1.7 million fossil fuel workers in the United States and an even greater number on the global scale.

ARC Awards $16.4M+ to Grow Green Manufacturing in Northern and Central Appalachia and nearly $54 million for its POWER initiative

The Appalachian Regional Commission (ARC) recently awarded new grants totaling over $16.4 million to boost green energy manufacturing and workforce development through its Appalachian Regional Initiative for Stronger Economies (ARISE) funding opportunity.  ARC’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative recently awarded nearly $54 million to projects that will leverage entrepreneurship, workforce development, and infrastructure to bolster re-employment opportunities, create jobs in existing or new industries, and attract new sources of investment in communities and regions that have been affected by job losses in coal mining, coal power plant operations, and coal-related supply chain industries due to the changing economics of America’s energy production.

Strong winds forecast to bring low-cost energy and good-paying jobs

The U.S. Department of Energy (DOE) has released three 2023 annual reports showing that wind power is one of the fastest growing and lowest cost sources of electricity in America and is poised for rapid growth. DOE reports that wind energy provided 10% of total electricity nationwide with wind making up more than 60% of Iowa’s power and over 40% in Kansas, Oklahoma, and South Dakota. New utility-scale land-based wind generation capacity added in 2022 was the equivalent of powering 2.5 million American homes. Offshore wind energy projects under development and currently operating could power over 18 million American homes.

New funding opportunities support the electrification of America's transportation sector

Residents in disadvantaged communities could soon see progress toward equitable availability of clean mobility options due to two recent initiatives from the U.S. Department of Energy (DOE)'s Vehicle Technologies Office (VTO). A new funding opportunity from VTO brings $99.5 million in addition to the current selection of 45 projects totaling $87 million. DOE designed both to help to “onshore and re-shoring domestic manufacturing of key technologies and infrastructure that are critical to reaching the nation’s clean transportation future.”

MoU hopes to accelerate battery manufacturing in the US

An MOU between the Korean Institute for Advancement of Technology, the Korean Battery Industry Association, the Korean Electronics Technology Institute, and the NAATBatt Association, aims to bring Korean battery manufacturers to the U.S. NAATBatt, created in 2008 as an R&D consortium of companies to promote the manufacture of lithium-ion and other advanced batteries in the U.S., focuses on connecting foreign battery industry associations and supporting their members in establishing business relationships. 

DOE signals intention to approve $2 billion in loan commitments for EV battery production

The U.S. Department of Energy’s (DOE) Loan Program Office (LPO) has announced a conditional loan commitment of $2 billion to Redwood Materials for the construction and expansion of a battery materials campus in McCarran, Nevada. If approved, the project would support production in a fully closed-loop lithium-ion battery manufacturing process by recycling end-of-life battery and production scrap and remanufacturing it.

Guidance released for $4 billion initial round of energy subsidies

The U.S. Treasury Department announced that the government will begin taking applications May 31 for the first $4 billion of the $10 billion Qualifying Advanced Energy Project Credit program and tax break for solar-and-wind projects in low-income communities. This credit is part of the Inflation Reduction Act and will be available for projects including manufacturing fuel-cell components, adding carbon-capture equipment to existing facilities or processing critical minerals. The department announced $1.6 billion of the initial funding round will be reserved for places where coal mines or coal-fired power plants have closed.

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