Did you know Industrial emissions produce 30% of America’s CO2 emissions? That’s as much as all of the emissions from transportation combined. In 2022, the US government enacted the Inflation Reduction Act (IRA), which pledged to reduce national carbon emissions by 40% by 2030. Now, in 2023, the US Department of Energy (DOE) is targeting industrial emissions with a monumental funding opportunity that they’re calling a “once-in-a-generation investment in infrastructure.”
On March 8, the IRA-funded Industrial Demonstrations Program officially announced the allocation of $5.8B in federal funding towards industrial decarbonization. Selected proposals addressing multi-facility retrofits will receive at least $75 million in funding, with a 50% government cost-share. This funding will accelerate the adoption of commercial-ready decarbonization technologies throughout the US.
Grant priorities:
- Accelerate commercialization and adoption of cutting-edge decarbonization technologies.
- Decrease greenhouse gas emissions by at least 50% for hard-to-decarbonize industries, including chemicals, pulp and paper, and food and beverage.
- Benefit communities in areas surrounding industrial facilities
What are the key dates for the Industrial Demonstrations Program?
- Concept papers due by April 21
- Full applications due by August 4
- Award selection expected in Winter 23/24
To be included as a partner on Skyven’s concept paper, sign a non-binding letter of intent as soon as possible. Let’s start working together today.
Don’t miss out on this unprecedented investment in American infrastructure!
