DOE Grant Announcements: Solar, Marine And Hydrokinetic

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I. Overview, The Department of Energy ("DOE") has announced the availability of more than $171 million in grants, cooperative agreements, and technology-investment agreements "to expand and accelerate the development, commercialization, and use of solar and water power technologies throughout the United States" (http://www.eere.energy.gov/). This funding continues a strong emphasis in the DOE, since the passage of the Recovery Act, on projects that promote alternative energy development, sustainability, and green jobs. The goal is to further the development of "evolving technologies," i.e., those that are not existing commercial technologies. This Client Alert provides key details behind the two major initiatives included within these announcements, particularly what information is necessary to complete a competitive application.

The Public Policy & Infrastructure Practice has worked with a number of Reed Smith 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 Funding Opportunity Announcements ("FOAs").

Please see full alert below for more 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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