Energy Infrastructure Reinvestment Financing
- Planned
Open Date:
Close Date:
Upcoming Milestones:
Eligible Recipients:
- Lending Institution
- Non-profit
- Private Sector
- State Energy Finacing Institution
Program Purpose:
- Energy Infrastructure
Reserved for Energy
Communities?
Bureau/Office
Funded by:
Overview
Guaranteed loans to projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations or that enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases. IRA places a total cap on loan guarantees of up to $250 billion and appropriates $5 billion in credit subsidy to support these loans under section 1706 of the Energy Policy Act of 2005.Eligible Uses: Projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations, or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases. Potential projects could include repurposing shuttered fossil energy facilities for clean energy production, retooling infrastructure from power plants that have ceased operations for new clean energy uses, or updating operating energy infrastructure with emissions control technologies, including carbon capture, utilization, and storage (CCUS).
Related Resources
Additional information is available on the Resources page.Funding Details
Funding Source:
- Inflation Reduction Act (IRA)