Unlock $350M: Cut Emissions, Boost Your Business!
Posted: July 21, 2023
Summary
This program offers up to $350 million in grants to states, enabling them to partner with operators on voluntary projects that permanently plug marginal conventional wells and restore well pads. Businesses involved in environmental restoration and air quality monitoring related to these efforts can benefit from state-level funding.
Eligibility
Full Description
The U.S. Department of Energy (DOE) National Energy Technology Laboratory (NETL) intends to issue an Administrative and Legal Requirements Document (ALRD) on behalf of the DOE Office of Fossil Energy and Carbon Management (FECM) and in collaboration with U.S. Environmental Protection Agency (EPA), entitled “IRA: Mitigating Emissions from Marginal Conventional Wells. NETL anticipates issuing the ALRD in August 2023 with an application availability period of 30 days.
The ALRD will be funded by the Clean Air Act (CAA), as amended by the Inflation Reduction Act (IRA). DOE is partnering with EPA to make funds available to States for the purpose of working with operators to voluntarily and permanently plug marginal conventional wells on non-Federal lands, supporting environmental restoration of the well pad, and enhancing industry’s and States’ capacities to monitor methane and other air pollutants from wells. If released, this ALRD is expected to make available up to $350 million for financial assistance in the form of grants to States via a formula. Note: The revised Notice of Intent (NOI) document (stemming from synopsis/version 5) can be found under the RELATED DOCUMENTS tab.