DOE Grant Announcement: $184 Million Available for the Next Generation of Cars and Trucks



The Department of Energy ("DOE") has announced the availability of $184 million "to accelerate the development and deployment of new efficient vehicle technologies." The DOE will award cooperative agreements to businesses, universities and nonprofits to promote research and development of technologies supporting energy-efficient and environmentally friendly highway vehicles (i.e., cars and trucks). This funding is provided through the Vehicle Technologies Program, whose mission is to reduce consumption of gasoline and diesel fuels by cars and trucks, which account for 55 percent of total U.S. oil use.

There are eight funding categories, or "Areas of Interest" as termed in the Funding Opportunity Announcement ("FOA"), which would be eligible for funding, ranging from the development of fuels and lubricants that increase engine performance to the development of fuel-efficient tires and the creation of greater driver feedback technologies. (DE-FOA-0000239) The DOE requests, but does not require, a brief Letter of Intent regarding the project to be submitted by January 18, 2011. The application due date is February 28, 2011.

This Client Alert details other specifics of the FOA, including project and award information. Reed Smith's Public Policy & Infrastructure Practice has worked with a number of clients in crafting competitive applications for grant funding and complementary strategies to achieve funding, including obtaining support and assistance from members of Congress. We remain available to assist in the preliminary notice and development of a competitive application for funds under these FOAs.

Please see full Alert below for further information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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