A total of $13.5 million was distributed as incentive payments among 55 hydroelectric facilities, a record, through the U.S. Department of Energy’s Hydroelectric Production Incentive Program.
Hydropower and Hydrokinetic Office
March 1, 2023
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Notable New Fiscal Year 2022 Hydropower Funding Opportunities
Project Name: Section 242: Hydroelectric Production Incentive Program
Locations: Payments distributed to 55 hydroelectric facilities across the country
The U.S. Department of Energy’s Hydroelectric Production Incentive Program distributed $13.5 million in incentive payments to 55 hydroelectric facilities, a record number. This program supports hydropower development by providing funding for electricity generated and sold from dams and other water infrastructure throughout the United States that add or expand hydroelectric power-generating capabilities.
For the first time since the program was initially funded in 2014, all hydroelectric facilities that applied were fully funded at the amount for which they were eligible. This was all the first year the program’s eligibility criteria were expanded to include facilities located in communities with inadequate electric service. As a result, five newly eligible hydroelectric facilities received incentive payments.
Notable New Fiscal Year 2022 Hydropower Funding Opportunities
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