Category: Show Me the Money

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Joint Agency Effort to deploy $510 Million to Support Drop-In Aviation and Marine Biofuels

Yesterday, President Obama announced that the U.S. Departments of Agriculture (“USDA”), Energy (“DOE”), and Navy (“USN”, and together with the USDA and DOE, the “Agencies”) will invest up to $510 million over the course of the next three years to support advanced drop-in aviation and marine biofuels to power military and commercial transportation. This is a … Continue Reading

Unused ARRA Grant Funds Related to Electric Vehicles, Alternative Fuel Vehicles and Infrastructure Projects

Puget Sound Clean Cities Coalition has announced that it has roughly $400,000 in unused ARRA grant funds available for alternative fuel vehicle and infrastructure projects.  Examples of eligible vehicles include: Vehicles using alternative fuels recognized by the Energy Policy Act (complete list here: http://www1.eere.energy.gov/vehiclesandfuels/epact/about/epact_fuels.html); Fuel Cell Electric Vehicles; Electric Hybrid Vehicles (including certain Plug-in Hybrid … Continue Reading

ODOE Announces Funding for Small Renewable Projects Gone

Earlier this year, the Oregon Department of Energy (“ODOE”) allocated $10 million in tax credits for renewable energy projects with costs of less than $500,000 (“Tier One Projects”). On Wednesday, October 13, ODOE announced that it will no longer accept applications for Tier One Projects because as of October 11 ODOE had received applications for … Continue Reading

Clean Energy Jobs Focus of New Manufacturing Solicitation Issued by the DOE

On August 12, 2010, Energy Secretary Steven Chu announced a new loan guarantee solicitation for renewable energy manufacturing projects.  The Commercial Technology Renewable Energy Manufacturing Projects solicitation (the "Solicitation") is supported by the American Recovery and Reinvestment Act (the "Recovery Act") through Section 1705 of the Loan Guarantee Program and is focused primarily on providing new … Continue Reading

DOE Issues Waiver Under Section 1605 of ARRA for Solar PV Equipment Projects

From our colleagues Jere Webb and Jason Davis: On August 6, 2010, the Assistant Secretary for Energy Efficiency and Renewable Energy (“EERE”), through delegated authority by the Department of Energy, issued a nationwide limited public interest waiver under Section 1605 (the “Buy American Provisions”) of the American Recovery and Reinvestment Act of 2009 (the “Recovery … Continue Reading

Good News and Bad News for DOE’s Loan Guarantee Program

There has been a wave of good and bad news this past week regarding the DOE’s Loan Guarantee Program.  On the positive side, Secretary Chu announced on Friday that the Department would be adding an additional compliance period for the Innovative Solicitation.  The current deadline for the Part I application under the program is August 24th.  Secretary … Continue Reading

SHOW ME THE MONEY: DOE Offers $1.85 Billion in Solar Loan Guarantees

Saturday was a great day for solar energy: the DOE offered two conditional loan guarantee commitments: $1.45 billion loan guarantee to Abengoa Solar Inc. for the construction and start-up of a concentrating solar power (CSP) generating facility in Solana, Arizona and a $400 million loan guarantee to Abound Solar Manufacturing for the assembly of state-of-the-art … Continue Reading

SHOW ME THE MONEY: NEW ARPA-E FUNDS

  DOE issued three Funding Opportunity Announcements (FOAs) on March 2 that offer $100 million in American Recovery and Reinvestment Act funding for the third round of its Advanced Research Projects Agency – Energy (ARPA-E) program. The FOAs were announced at the first ARPA-E summit in Washington, D.C., and focus on innovations in three areas of technology: … Continue Reading

SHOW ME THE MONEY: $1.37 BILLION LOAN GUARANTEE FOR CSP

DOE announced a conditional commitment for more than $1.37 billion in loan guarantees to BrightSource Energy, Inc. in support of the construction and start-up of three utility-scale concentrated solar power plants (CSP) in the Mojave Desert of southeastern California. The loan guarantee is funded under the American Recovery and Reinvestment Act and is predicated on … Continue Reading

Stoel Rives Clients Receive Huge Tax Credit Awards

Stoel Rives would like to congratulate REC Silicon and SolarWorld on their awards of tax credits by the IRS and DOE. These two companies, combined, received over 10 percent of all the tax credits awarded nationwide under section 48C of the tax code. On Friday, January 8, the Department of Energy awarded to 183 companies … Continue Reading

Show Me the Money: $12 million for Early Stage Solar Technologies

  The Department of Energy (“DOE”) announced today that the National Renewable Energy Laboratory (“NREL”) will invest up to $12 million in total funding ($10 million from funds allocated to NREL under the American Recovery and Reinvestment Act (“ARRA”)) in four companies – three California and one North Carolina –  to take early stage PV … Continue Reading

Show Me the Money (and the Light): $37 Million for Solid State Lighting

  The Department of Energy today announced the award of more than $37 million in American Recovery and Reinvestment Act funds to 17 projects supporting solid-state lighting core research, product development, and domestic manufacturing. Solid-state lighting, which uses light-emitting diodes (“LEDs”) and organic light-emitting diodes (“OLEDs”) instead of incandescent bulbs, has the potential to be ten … Continue Reading

Show Me The Money: $2.3 Billion for Clean-Tech Manufacturing Jobs

January 8, 2010: today President Obama announced the award of $2.3 billion in American Reinvestment and Recovery Act (“ARRA”) Advanced Energy Manufacturing Tax Credits for tens of thousands of clean energy jobs on 183 clean energy manufacturing projects across the 43 states. United States, including the domestic manufacture of wind turbine and solar panels. The … Continue Reading

Show Me the Money: $47 Million for Efficiency in IT & Communications

  Today Energy Secretary  Chu announced that the Department of Energy will award $47 million for 14 nation-wide projects  that will support the development of new technologies improving energy efficiency in the information technology (IT) and communications sectors – specifically, data processing, data storage, and telecommunications industries. The increase in energy consumption in these sectors is a direct corollary … Continue Reading

U.S. Department of Energy Announces Final Rule Amending Regulations for Loan Guarantee Program

On December 7, 2009, Energy Secretary Steven Chu announced the issuance of a final rule amending the October, 2007 Final Regulations implementing the Loan Guarantee Program under Section 1703 of Title XVII of the Energy Policy Act of 2005 (the "Section 1703 Program").  The amendments implemented through the final rule were first identified in a … Continue Reading

Technical Correction to Section 1603 Grant May Loosen Rules for Investment by Tax Exempts

  On December 2, House Ways & Means Chairman Rangel and Ranking Member Camp introduced a tax technical corrections bill (H.R. 4169).  We will likely see an identical version introduced in the Senate very soon. Included among the technicals are changes to the Grant in Lieu of ITC under section 1603 of ARRA.  The most … Continue Reading

Show me the Money: $564 Million Awarded to Integrated Biorefinery Projects

In an earlier blog post, Debra Frimerman reported that the U.S. Department of Energy was seeking applications for grants to help promote the construction and operation of pilot, demonstration, and commercial scale integrated biorefinery projects. Today, DOE announced the selection of 19 projects to receive up to $564 million in grant money authorized by the American … Continue Reading

DOE Awards $620 Million for Smart Grid and Energy Storage Projects

Yesterday, DOE announced awards of $620 million in American Recovery and Reinvestment Act (“ARRA”) funds for Smart Grid demonstration projects and large-scale energy storage systems. The $620 million is broken down as follows:  • $435 million to support 16 fully integrated, regional Smart Grid demonstrations in 21 states, representing over 50 utilities and electricity organizations … Continue Reading

Upcoming Webinar: Stimulus Bill Part 3 – The DOE Loan Guarantee Program for Clean Energy Projects

We invite you to join us for the third installment of our complimentary Stimulus Bill Webinar series. This session will focus on the Department of Energy’s (DOE) Loan Guarantee Program, which received nearly $6 billion in Stimulus Bill funding. The DOE recently redesigned the program in an effort to bring private capital back to large-scale renewable energy … Continue Reading

Upcoming Webinar: The Treasury Grant Program – Follow-up and Q&A

Join us for Structured Tax Incentives Part Deux! Our follow-up webinar will again include Vicky McDowell, Chief Administrator of the Treasury ITC Grant program. Unlike the first session, we will not use a formal presentation; instead, we will cover in greater detail the issues raised in your comments and will attempt to answer as many … Continue Reading
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