Thermal Storage

Greenhouse Gas Reduction Fund (60103)

The Greenhouse Gas Reduction Fund (GGRF) is a program within the Environmental Protection Agency (EPA), created by the Inflation Reduction Act (IRA) of 2022. This program provides $27 billion in competitive grants to leverage private capital for clean energy and climate projects that reduce pollution,

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Long Duration Storage Shot

The Long Duration Storage Shot program was the second of the Department of Energy’s (DOE) Energy Earthshots Initiative, announced in July 2021. The program aims to accelerate breakthroughs in affordable and reliable energy grid technologies, including thermal storage, targeting a 90% cost reduction of grid-scale

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Industrial Heat Shot

The Industrial Heat Shot was the sixth branch of the Department of Energy’s (DOE) Energy Earthshots Initiative to be announced, in September of 2022. It aims to develop cost-competitive industrial heat decarbonization technologies to achieve 85% lower greenhouse gas emissions by 2035. Resources for the

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Steel Upgrading Partnerships and Emissions Reduction (SUPER) Act

The Steel Upgrading Partnerships and Emissions Reduction (SUPER) Act was established in the CHIPS and Science Act of 2022. The act encourages increased competitiveness of American manufacturing through the authorization of a Department of Energy (DOE) crosscutting Research and Development (R&D) program that targets low-emission

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Advanced Industrial Facilities Deployment Program

The Advanced Industrial Facilities Deployment Program (AIFDP) was introduced through the Inflation Reduction Act (IRA) in 2022. The program provides competitive funding to owners or operators engaged in energy-intensive industrial processes for projects that significantly reduce greenhouse gas emissions. This support is intended to demonstrate

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Section 48E Clean Electricity Investment Credit

The Sec. 48E Clean Electricity Investment Credit was introduced through the Inflation Reduction Act in 2022. This section is technology-neutral, qualifying any facility used to generate electricity for which the greenhouse gas emissions rate is not greater than zero. Prior to IRS guidance, the text

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Section 45 Production Tax Credit (PTC)

The Sec. 45 Production Tax Credit (PTC) was extended by the Inflation Reduction Act in 2022. This credit is equal to 0.3 cents per kilowatt hours of electricity produced from qualified energy resources, and 1.5 cents for facilities that meet prevailing wage and apprenticeship requirements.

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