The FY24 Energy and Emissions Intensive Industries FOA, funded by the U.S. Department of Energy, marks a critical investment in the future of industrial decarbonization. The IEDO FY24 Energy and Emissions Intensive Industries FOA (DE-FOA-0003219) program addresses the industrial sector's unique challenges, including technology, market, economics, and supply chain hurdles. With 60% of industrial emissions currently lacking cost-effective solutions, the FOA's mission is to economically achieve net-zero goals while maintaining the U.S.'s competitive edge through sustainable and innovative technologies.
What is the FY24 Energy and Emissions grant?
The FY24 grant is a forward-looking initiative designed to stimulate applied R&D and pilot demonstrations within the highest greenhouse gas-emitting subsectors. This encompasses chemicals and fuels, iron and steel, food and beverage, and more, focusing on technologies that promise cost and emissions savings through increased circularity and sustainability. The aim is to fund projects that are not yet commercially available or economically viable, thereby bridging the gap between current capabilities and future needs for a decarbonized industrial sector.
Program Purpose:
- Support for energy infrastructure development
- Environmental clean-up initiatives
Key Sectors Targeted:
- High GHG-emitting industries such as chemicals, fuels, iron and steel, food and beverage, cement and concrete, asphalt pavements, glass, and forest products.
Funding Details:
- Type: Grant with a matching requirement
- Total Amount Available: $83,100,000
- Limit per Applicant: Up to $7,000,000
- Estimated Number of Awards: 25-49
How does the FY24 Energy and Emissions Intensive Industries program work?
This program encapsulates a comprehensive approach by funding research, development, and prototype or pilot-scale technology validation. It targets accelerating sustainable technology adoption that increases efficiency and eliminates GHG emissions across energy and emissions-intensive industrial subsectors. Doing so contributes to a cleaner energy economy, boosts domestic manufacturing's technological and economic competitiveness, and enhances the viability of U.S. industrial technology exports. Read our roadmap to green financing in 2024.
Who’s eligible for the FY24 Energy and Emissions grant?
Eligible entities for the FY24 Energy and Emissions Grant include educational institutions, non-profits, and private sector companies, targeting those engaged in high GHG-emitting industrial subsectors for applied R&D and pilot demonstrations. This initiative seeks to catalyze the adoption of innovative, sustainable technologies crucial for decarbonizing key industries and advancing the U.S.'s clean energy objectives.
Eligible Sectors:
- Educational Institutions
- Non-profits
- Private Sector
How do you apply for the FY24 Energy and Emissions grant for your company?
To apply, companies should:
- Engage with preliminary consultations to assess eligibility and discuss project specifics.
- Submit a Part I application to highlight project feasibility and innovation.
- Follow up with a comprehensive Part II application detailing financial projections and environmental benefits.
How Arbor helps you to get funding from the FY24 Energy and Emissions grant
Arbor enhances your application process by providing accurate carbon impact calculations and strategic guidance, ensuring your project aligns with the FOA's goals.
Arbor supports your FY24 Grant application by:
- Precise Carbon Impact Calculations: Estimating your project's carbon footprint reduction to highlight its environmental benefits with our Carbon Calculator.
- Expert Guidance: Offering tailored advice to navigate the grant application process efficiently.
- Enhancing Application Quality: Improving the presentation of your project to align with the grant's decarbonization goals.
When to apply & the deadline for the FY24 Energy and Emissions grant?
The application window is now open, starting from January 25, 2024, until the closing date of June 11, 2024. The concept paper submission deadline is March 19, 2024, marking an important preliminary step in the application process.
What are the benefits of FY24 Energy and Emissions Intensive Industries for your company?
The FY24 Energy and Emissions Intensive Industries grant offers significant advantages for your company, paving the way for sustainable industrial practices and technological innovation.
Here are three key benefits:
- Access to Funding: Secures financial support for pioneering projects in high-emission sectors, reducing the investment barrier for new technologies.
- Enhanced Competitiveness: Positions your company as a leader in sustainability, improving your market standing and attractiveness to investors.
- Contribution to Decarbonization: Supports your company's efforts in reducing greenhouse gas emissions, aligning with global sustainability goals and regulations.
These benefits not only facilitate financial growth but also contribute to the broader objective of achieving a sustainable and competitive industrial sector.
Summary of FY24 Energy and Emissions Intensive Industries
The FY24 Energy and Emissions Intensive Industries FOA by the U.S. Department of Energy is a substantial initiative aimed at decarbonizing high GHG-emitting sectors through innovative R&D and pilot projects. Targeting educational institutions, nonprofits, and the private sector, it offers a significant funding opportunity to bridge the gap between current capabilities and the future needs for a sustainable industrial sector. Arbor's support in this process, through precise carbon impact calculations and expert guidance, enhances applicants' chances for success. With an application window open until June 11, 2024, companies are encouraged to leverage this opportunity for technological advancement and a competitive edge in sustainability.
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