Energy Infrastructure Reinvestment Financing

Energy Infrastructure Reinvestment Financing

The Energy Infrastructure Reinvestment (EIR) Financing initiative guarantees loans for projects that retool, repower, or replace energy infrastructure, aiming to mitigate air pollutants and greenhouse gases. It caps loan guarantees at $250 billion, with $5 billion allocated for credit subsidy. Potential projects include repurposing shuttered fossil energy facilities for clean energy, retooling infrastructure for new clean energy uses, or updating operating energy infrastructure with emissions control technologies like carbon capture.

Details

• Agency: DEPARTMENT OF ENERGY
• Administrator: Direct federal
• Instrument: Loan
• Status: Active: Accepting applications

Eligible Uses

See program guidance. Projects that retool, repower, repurpose, or replace energy infrastructure that has ceased operations, or enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases. Potential projects could include repurposing shuttered fossil energy facilities for clean energy production, retooling infrastructure from power plants that have ceased operations for new clean energy uses, or updating operating energy infrastructure with emissions control technologies, including carbon capture, utilization, and storage (CCUS).