Tag: ARRA

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

Treasury Creates Safe Harbor for Smart Grid Investment Grants

Yesterday, the Energy and Treasury Departments jointly issued guidance regarding the federal income tax treatment of Smart Grid Investment Grant payments received pursuant to the American Recovery and Reinvestment Act (ARRA). The guidance, which was issued as Revenue Procedure 2010-20, generally provides that a corporation receiving a specified grant will not recognize taxable income upon … 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: $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: $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

Show me the Money: Washington State Issues Final Guidance for Competitive Energy Efficiency and Conservation Block Grant Program

The American Recovery and Reinvestment Act provides $3.2 billion for energy efficiency and conservation block grants. Most of this money has been allocated directly to various local governments. Washington has an additional $6.4 million available through a competitive grant program. Washington’s competitive grant program is administered through its Department of Commerce. Today, the Department of Commerce has announced … Continue Reading

First Treasury Grants in Lieu of ITC Awarded

Treasury Secretary Tim Geithner and Energy Secretary Steven Chu announced the first awards of cash grants in lieu of the investment tax credit (ITC) today.  The total award value was over $502 million.  Recipients include projects in Colorado, Connecticut, Maine, Minnesota, New York, Oregon, Pennsylvania and Texas.  Click here for a detailed list of the awards … Continue Reading

Show Me the Money: State Energy Programs for Seven States and Territories Awarded $119 Million from the American Recovery and Reinvestment Act (“Recovery Act”)

On August 14, 2009, the Department of Energy ("DOE") State Energy Program ("SEP") announced that more than $119 million in funding from the Recovery Act to support energy efficiency and renewable energy projects has been awarded to Alabama, American Samoa, the District of Columbia, Illinois, Maryland, North Dakota and Wyoming. Here is a summary of how the … Continue Reading

Show me the Money: $11.8 Million Awarded for Solar Energy Grid Integration

Today, in recognition that solar energy is a critical factor in the President’s clean energy agenda, the U.S. Department of Energy (DOE) announced that $11.8 million ($5 million from the American Recovery and Reinvestment Act) will be deployed to five projects related to the development of solar energy grid integration systems (SEGIS).  This follows our earlier client … Continue Reading

Show me the Money: Green Jobs Grants

Recently, the U.S. Department of Labor has issued $500 million for green job training.  This money is being released through a series of competitive grants. If you are an organization within Washington State, the Governor’s Office requests that you submit a brief information form to the Governor’s Evergreen Jobs Leadership Team.  The Team is compiling … Continue Reading

Show me the Money: Webinar Explaining the Wind Turbine Drivetrain FOA

About a month ago we issued an alert regarding a $45 million funding opportunity announcement ("FOA") for the development of a wind turbine drivetrain testing facility (alert available here). Today, the Department of Energy ("DOE") announced that they are hosting a webinar regarding this FOA.  The webinar will be held July 30, 2009 at 11:00 a.m. Eastern.  Through this … Continue Reading

Show me the Money: Recovery Act Finance Opportunities Conference

On July 17, 2009, the Puget Sound Regional Council hosted a Regional American Recovery and Reinvestment Act Coordination meeting.  At this meeting, there was a presentation on Bond Financing, Loan Guarantees, and Tax Credits plus a discussion on monetizing energy efficiency savings.  In case you missed this meeting, I want you to be aware of a couple … Continue Reading

U.S. Wind Industry Breaks Records in 2008, Gets a Boost From Secretary Chu

Today, U.S. Department of Energy Secretary Steven Chu announced that 28 new wind energy projects will receive up to $13.8 million in funding for wind turbine research and testing and transmission analysis, planning, and assessments. Most of the $13.8 million comes from Recovery Act funds. Recognizing the struggles that Americans are facing in the current economic climate, … Continue Reading

Show me the Money: Applications Available for the Washington State Energy Program

Washington previously received $60.9 million in Recovery Act funding for its State Energy Program (“SEP”). The Washington Legislature later provided $38.5 million to the Washington State Community, Trade and Economic Development (“CTED”) agency to administer a loan and grant program for eligible projects in the areas of energy efficiency, renewable energy and clean energy innovation (see … Continue Reading

Treasury Issues Guidance on Applications for Grants in Lieu of the ITC and the PTC

  The American Recovery and Reinvestment Act of 2009 (ARRA), which was enacted in February, permits an applicant to receive a grant from Treasury in lieu of claiming investment tax credits (ITCs) or production tax credits (PTCs). Today the U.S. Treasury Department issued much-anticipated guidance concerning applications to receive cash grants in lieu of claiming … Continue Reading

Show me the Money: Washington Regional Recovery Act Meetings

For those of you interested in Stimulus Funding for your Renewable Energy or Clean Tech projects, I will be attending most of the following  Prosperity Partnership’s Regional ARRA Coordination meetings. The meetings are located at the Puget Sound Regional Council’s meeting rooms at 1011 Western, Suite 500 in Seattle, WA. July 17 from 2-4 pm – Presentations regarding Recovery … Continue Reading

Treasury, Energy Announce More than $3 Billion in Recovery Act Funds for Renewable Energy Projects

  Today, the U.S. Department of the Treasury (the "Treasury") and the U.S. Department of Energy (the "DOE") announced an estimated $3 billion for the development of renewable energy projects around the country.  Funded through the American Recovery and Reinvestment Act ("ARRA"), the program will provide direct payments in lieu of tax credits in support of … Continue Reading

DOE Extends Application Deadline for FOA on Combined Heat and Power Technologies

Today, the U.S. Department of Energy (“DOE”) issued a revised Funding Opportunity Announcement (“FOA”) of up to $40 million to speed up the development and implementation of combined heat and power (“CHP”) technologies. The FOA covers large, medium, and small CHP systems and aims to finance research, development, and demonstration of stationary CHP systems that focus … Continue Reading

DOE Announces $59 million in Conditional Loan Guarantees

On July 2, 2009, the Department of Energy ("DOE") announced $59 million in conditional loan guarantees in the form of $16 million for a wind turbine assembly plant and $43 million for a 20 megawatt flywheel energy storage plant. Nordic Windpower, USA has been conditionally offered a $16 million loan to support the tooling and commercial-scale … Continue Reading
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