Up to $24 Million in Renewable Energy Funding Available in the Areas of Advanced Hydrogen Storage Technologies and Advanced Biofuels Development

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The Department of Energy's Office of Energy Efficiency and Renewable Energy ("EERE") has two Funding Opportunity Announcements ("FOAs") dealing with the promotion of renewable and alternative sources of energy.

DE-FOA-0000421 promotes applied research and development projects in the area of hydrogen storage, a key concern in lowering the cost of fuel cells that use hydrogen, especially those used in automotive applications. Up to $12 million is available under this program. DE -FOA-0000467 promotes laboratory or small pilot-scale projects that support the development of advanced biofuels. Another $12 million over the next three years is available under this program. This Client Alert provides details behind the two major initiatives included within these FOAs and discusses the key specifics in the application process.

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 further information.

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Published In: Administrative Agency Updates, Energy & Utilities Updates, Environmental Updates, Finance & Banking Updates, Science, Computers & Technology Updates

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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