Office: Office of Electricity
Funding amount: $2,500,000,000
Period of Availability: Available until expended
Funding Mechanism: Loan, Direct Financing, or Capacity Purchase
New Program: Yes
Recipients: Transmission Developers
Description: To facilitate the construction of electric power transmission lines and related facilities to enable greater clean energy growth and provide low-cost clean energy to more Americans.
Eligible Uses: To facilitate eligible projects, the Secretary may-- (A) enter into a capacity contract with respect to an eligible project with the objective of reselling that capacity once the financial viability of the project has been established; (B) issue a loan to an eligible entity for the costs of carrying out an eligible project; or (C) participate with an eligible entity in designing, developing, constructing, operating, maintaining, or owning an eligible project.
Program Announcements: Download the Notice of Intent and Request for Information
Next Milestone: Anticipated additional Notice of Intent and Request for Information in Q1 2023
Program Contact: TransmissionFacilitation@hq.doe.gov.