Articles Tagged with ''Infrastructure Investment and Jobs Act''

The U.S. Dept. of Energy will invest more than $231 million to accelerate carbon management at large-scale U.S. geologic storage areas and support new grid resilience and energy storage projects and research for nine states and three Tribes.

Roadway projects received approximately half of the total funding, with about $1.1 billion.

Department's combined application, now called the Multimodal Project Discretionary Grant program, has an Aug. 21 deadline.

Initial round of grant funding in the five-year program will total $34 million.

Texas receives largest allocation among the states at $3.3 billion.

Grants awarded in 35 states and Puerto Rico, will go to states, tribes, utility companies, telecommunications firms and nonprofit organizations.

The U.S. Energy Dept. updates its strategy to cut emissions with clean hydrogen, but the Treasury Dept. won't propose until summer rules on how emissions from its production are counted when awarding critical project tax incentives outlined in the 2022 climate law.

Inflation pressures continue to be an issue for projects funded under the 2021 Infrastructure Investment and Jobs Act.

Competitive grant awards available to road, bridge, port, passenger rail and pedestrian facility projects follow last July's $1.4-billion distribution of formula PROTECT funding.

High-hazard dams' upgrade costs rise more than 40% since 2022 report.