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DOE Announces $100 Million in Funding for Cleantech

March 2nd, 2010 5:30PM by Lisa Mazur-White

On March 2, 2010, at the ARPA-E (Advanced Research Projects Agency – Energy) Energy Innovation Summit in Washington, D.C., U.S. Energy Secretary Steven Chu announced that $100 million in Recovery Act funding will be made available to accelerate innovation in green technology. This is ARPA-E’s third funding opportunity of this kind.

There are three areas of focus for this program:

  • Grid-Scale Rampable Intermittent Dispatchable Storage (GRIDS)
  • Agile Delivery of Electrical Power Technology (ADEPT)
  • Building Energy Efficiency Through Innovative Thermodevices (BEET-IT)

ARPA-E’s first solicitation, announced in early 2009, was highly competitive and resulted in funding 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles, and other areas. ARPA-E’s second solicitation announced in December, 2009 – which has yeilded nearly 500 concept papers – focused specifically on three areas of technology representing new approaches for biofuels, carbon capture, and batteries for electric vehicles. Here is a complete list of ARPA-E’s funded projects.

The objective of the ARPA-E funding is to give innovative ideas that are too risky for traditional venture investment an opportunity to get beyond the concept stage. ARPA-E funding “is about unleashing the American innovation machine to solve the energy and climate challenge, while creating new jobs, new industries and new exports for America’s workers,” said Secretary Chu.

Renewable Energy Grants through ARRA

March 2nd, 2010 5:13PM by Lisa Mazur-White

In August of 2009 the Treasury began accepting applications for the 1603 Grant. The 1603 Grant was enacted as part of the American Recovery and Reinvestment Act and its goal was to provide a 30% cash grant of total renewable energy property installed. The grant was in lieu of the then-existing Section 48 tax credit, which provided a 30% tax credit for owners of renewable energy property (as it is defined in Section 48 of the Internal Tax Code). The goal of the program was to uphold renewable energy incentives in an economy where fewer applicants could take advantage of tax credits due to the overall state of the economy.

But how is the 1603 Grant program doing? To date, Treasury has issued $2.6 billion in grants under the 1603 Grant in Lieu of Tax Credit. The majority of recipients are solar and wind energy applicants. Click here to view a list of recipients of the 1603 Grant to date.