Funding released for multiple projects across the country
On September 5, 2024, the Grid Deployment Office announced the selection of 293 hydroelectric projects for negotiations across 33 states to receive over $430 million in Maintaining and Enhancing Hydroelectricity Incentive payments. See the full list of selected entities.
DOE anticipates announcing a second round under this program in the 2025 calendar year. Eligibility Requirements can be found below:
For purposes of the Maintaining and Enhancing Hydroelectricity Incentives, a qualified hydroelectric facility must be:
Licensed by the Federal Energy Regulatory Commission, or is a hydroelectric project constructed, operated, or maintained pursuant to a permit or valid existing right-of-way granted prior to June 10, 1920, or a license granted pursuant to the Federal Power Act (16 U.S.C. 791a et seq.);
Placed into service before November 15, 2021;
In compliance with all applicable Federal, Tribal, and State requirements, or would be brought into compliance with these requirements as a result of the capital improvements carried out using an incentive payment under this section.
Qualified pumped storage hydropower facilities are also eligible to apply under Section 247.
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Funding Restrictions
Payments shall not exceed 30% of the costs of the applicable capital improvement. A single qualified hydroelectric facility may only receive one incentive payment from this program within a single fiscal year, and that payment shall not exceed $5 million.
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