Wednesday,
May 24
May 24
DOE Hydroelectric Power Funding
The U.S. Energy Department will hold a public webinar to discuss a $600 million funding opportunity to support the modernization of hydroelectric power and advance marine energy in the U.S. pursuant to the 2021 Infrastructure Investment and Jobs Act. The program is aimed at ensuring generators continue to provide clean, affordable electricity, while integrating additional renewable energy resources and reducing environmental impacts. The opportunity will provide up to $554 million in incentive payments towards maintaining and enhancing hydroelectric facilities, and an additional $45 million to support a pilot demonstration site and community-led tidal and/or current energy project. Letters of intent to submit applications are due by June 22, and full applications are due by Oct. 6.