1. $5 million in funding from President Biden’s Investing in America Agenda supports 37 small-and medium-sized manufacturers to improve energy efficiency and reduce emissions.
2. The Industrial Assessment Centers (IAC) Implementation Grants program provides up to $300,000 per manufacturer for energy-saving improvements.
3. The program aims to revitalize American manufacturing, create jobs, advance energy and environmental justice, and achieve a net-zero economy by 2050.
The U.S. Department of Energy has announced nearly $5 million in grants for 37 small and medium-sized manufacturers (SMMs) to improve energy efficiency and reduce carbon emissions. This funding is part of President Biden’s Investing in America agenda and aims to tackle the climate crisis. These grants will help SMMs implement energy-saving improvements and reduce industrial emissions, contributing to the administration’s goal of achieving a net-zero economy by 2050. The grants will support projects such as solar installations, battery storage technology, and electrifying industrial equipment.
Since its inception, the Industrial Assessment Centers (IAC) Program has provided energy assessments at SMMs and identified potential energy savings opportunities. The ongoing IAC Implementation Grants program will provide up to $300,000 per manufacturer to implement energy-saving recommendations. The program is open for year-round applications, with a total funding envelope of $80 million. Eligible SMMs can apply at any time, with quarterly reviews by the DOE. The next application deadline is March 31, 2024.
The grants support a variety of projects aimed at improving energy efficiency, reducing emissions, and benefiting disadvantaged communities. By leveraging federal support and expertise, SMMs can enhance their competitiveness and contribute to a cleaner energy future. The Biden-Harris Administration is focused on revitalizing American manufacturing, creating jobs, promoting energy and environmental justice, and achieving a net-zero economy by 2050.