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ARTICLE · 21 MARCH 2023

Biden Administration Announces Significant Funding Initiative For Decarbonization Projects

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On March 8, 2023, the Biden Administration announced a further opportunity for companies to take advantage of significant federal funding intended to promote clean manufacturing and reduce greenhouse gas emissions in federal procurement.

United StatesGovernment, Public Sector
Paul Freeman
Paul Freeman
Elizabeth B. Dawson
Elizabeth B. Dawson
Issac D. Schabes
Issac D. Schabes

On March 8, 2023, the Biden Administration announced a further opportunity for companies to take advantage of significant federal funding intended to promote clean manufacturing and reduce greenhouse gas emissions in federal procurement. In line with the Biden Administration's push to implement a clean energy economy (as we have previously covered, for example, here and here), the Department of Energy (DOE) will provide $6 billion in grants through the new Industrial Demonstrations Program to "accelerate decarbonization projects in energy-intensive industries and provide American manufacturers a competitive advantage in the emerging global clean energy economy." Funding for these grants will come from the recently passed Infrastructure Investment and Jobs Act and Inflation Reduction Act.

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