Sec. 304. Milestone-based demonstration projects
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Pursuant to section 646(g) of the Department of Energy Organization Act ( 42 U.S.C. 7256(g) ), the Secretary shall establish a program under which the Secretary shall award funds to eligible entities, as determined by the Secretary, to carry out milestone-based demonstration projects that require technical and financial milestones to be met before the eligible entity is awarded funds. An eligible entity shall submit to the Secretary a proposal to carry out a milestone-based demonstration project at such time, in such manner, and containing such information as the Secretary may require, including— a business plan, which may include a plan for scalable manufacturing; a plan for raising private sector investment; and proposed technical and financial milestones, including estimated project timelines and total costs.
The Secretary shall award funds of a predetermined amount under subsection (a)— for projects that successfully meet project milestones; and for expenses determined reimbursable by the Secretary, in accordance with terms negotiated for the award of funds. An eligible entity that receives funds under subsection
(a)shall be responsible for the costs of the milestone-based demonstration project until— the applicable technical and financial milestones are achieved; or reimbursable expenses are reviewed and verified by the Department. If an eligible entity that receives funds under subsection
(a)does not meet the milestones of the milestone-based demonstration project, the Secretary or a designee may cease funding the project and reallocate the remaining funds to new or existing milestone-based demonstration projects. In carrying out the program established under subsection (a), including in assessing the completion of milestones in each milestone-based demonstration project awarded funds under the program, the Secretary— shall consult with experts that represent diverse perspectives and professional experiences, including experts from the private sector, to ensure a complete and thorough review; shall communicate regularly with selected eligible entities; and may allow for flexibilities in adjusting the technical and financial milestones of a milestone-based demonstration project as the demonstration project matures. Each milestone-based demonstration project awarded funds under subsection
(a)shall require cost-sharing in accordance with section 988 of the Energy Policy Act of 2005 ( 42 U.S.C. 16352 ). The Secretary shall include in each updated technology transfer execution plan submitted under section 1001(h)(2) of the Energy Policy Act of 2005 ( 42 U.S.C. 16391(h)(2) ) information on the implementation of and progress made under the program established under subsection (a), including, for the year covered by the report, each milestone-based demonstration project awarded funds under the program.
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