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Energy Infrastructure Reinvestment Financing

Open Date:

TBD

Close Date:

TBD

Upcoming Milestones:

Eligible Recipients:

  • Educational Institution
  • Local Government
  • Native/Tribal Entity
  • Non-profit
  • Private Sector
  • State Government

Program Purpose:

  • Energy Infrastructure

Reserved for Energy
Communities?

No

Funded by:

U.S. Department of Energy

Overview

To guarantee 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:
Funding Type:
Loan Guarantee
Total Amount Available:
$5,000,000,000
Limit per Applicant:
Estimated Awards:

Applicant Guidance

TBD

Contact Information

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