Agency: Department of Energy – Energy Efficiency and Renewable Energy
Description:
This program, first established by Section 243 of the Energy Policy Act of 2005 but never previously funded, incentivizes owners or operators of existing hydroelectric facilities, including pumped storage hydropower, to make capital improvements that improve their efficiency by at least 3%.
Bill Section:
40332
Potential Cost:
$75,000,000
Implementation Status/Rulemaking:
The DOE announced the selection of 46 hydroelectric projects across 19 states to receive up to $71.5 million in funding on February 2, 2024:Source