Utilizing the Inflation Reduction Act to Remediate and Redevelop Energy Assets and Sites

Program Document · Thu Mar 30 00:00:00 EDT 2023

OSTI ID:1963712

Eisdorfer, Jason G ^[1]; Barlow, Jay T ^[1]; Peacock Williamson, Julie ^[1]

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1. Pacific Northwest National Lab. (PNNL), Richland, WA (United States)

There are thousands of retired and operating energy sites located in communities throughout the country waiting to be cleaned up and modernized. Together with other existing federal grants and tax credits, the newly created Energy Infrastructure Reinvestment (EIR) loan guarantees from the Department of Energy can catalyze capital investment in these sites, empowering local communities and reducing carbon pollution. The IRA makes available up to $250 billion in EIR loan guarantees and up to $5 billion in EIR credit subsidy to support remediating, repurposing, and redeveloping eligible sites. EIR provides opportunities for reinvestment in America’s energy communities amid the energy industry’s ongoing transformation to reduce carbon pollution. This resource guide describes four possible redevelopment models that align EIR resources with EPA Brownfield Grants and the energy community tax credit program.

• Research Organization: Pacific Northwest National Laboratory (PNNL), Richland, WA (United States)
• Sponsoring Organization: USDOE
• OSTI ID: 1963712
• Report Number(s): PNNL-SA-182978
• Country of Publication: United States
• Language: English