Sec. 2. Commercial-scale implementation of transformative industrial technologies
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In this section: The term eligible entity means any of the following entities: An owner of an industrial plant at which an eligible technology would be implemented. A provider that— manufactures an eligible technology; or implements or integrates an eligible technology at an industrial plant; or any other entity involved in the implementation of eligible technology at an industrial plant. A consortium or partnership of 1 or more entities described in subparagraphs
(A)and (B). The term eligible project means the implementation of an eligible technology at an industrial plant in a State. The term eligible project costs means any capital, installation, engineering, construction, and permitting costs related to carrying out an eligible project. The term eligible technology means any technology that, as determined by the Secretary— is an innovative technology (as described in section 454(b)(1) of the Energy Independence and Security Act of 2007 ( 42 U.S.C. 17113(b)(1) )); is demonstrated to be technically viable at pilot scale and ready for commercial-scale implementation; is able to significantly reduce the energy use or greenhouse gas emissions of the process with respect to which the eligible technology is implemented, relative to the technology available on the date of enactment of this Act; and has the potential to significantly reduce annual United States industrial energy use or greenhouse gas emissions, relative to the United States industrial energy use or greenhouse gas emissions in calendar year 2021, if the eligible technology is widely implemented at the appropriate industrial plants in the United States. The term program means the program established under subsection (b). The term Secretary means the Secretary of Energy. The term State means— a State; the District of Columbia; and any territory or possession of the United States. Subject to the availability of appropriations, the Secretary shall establish a program under which the Secretary shall provide grants and loan guarantees to eligible entities to carry out eligible projects. To apply for a grant or loan guarantee under the program, an eligible entity shall submit to the Secretary an application at such time, in such manner, and containing such information as the Secretary may require. In evaluating applications submitted under paragraph (1), the Secretary shall select applications that will result in the greatest— improvement to the competitiveness of United States industry in global markets; reduction in energy use; or reduction in greenhouse gas emissions. In evaluating applications submitted under paragraph (1), the Secretary shall solicit input from outside technical and industry experts on the specific industry sectors in which the eligible technologies would be implemented. In carrying out the program, the Secretary— shall provide grants or loan guarantees to carry out not more than 3 eligible projects in each category of eligible technology; and may provide a grant and a loan guarantee to the same eligible entity. The amount of a grant that may be provided under the program to carry out an eligible project in each category of eligible technology shall be not more than the following: 60 percent of the total eligible project costs for the first eligible project awarded a grant in that category. 45 percent of the total eligible project costs for the second eligible project awarded a grant in that category. 30 percent of the total eligible project costs for the third eligible project awarded a grant in that category. The Secretary may not provide a loan guarantee under the program for an amount that is greater than 80 percent of the eligible project costs. If an eligible entity is provided a grant and a loan guarantee under the program, the loan guarantee may not exceed the amount that is equal to 80 percent of the amount that is equal to the difference between— the eligible project cost; and the amount of the grant. The Secretary shall— work with each grant or loan guarantee recipient under the program to develop project milestones; and issue the grant amount or loan guarantee, as applicable, after that recipient has demonstrated that the eligible project has reached those project milestones. The Secretary shall annually submit to Congress a report describing the eligible projects that were carried out using grants and loan guarantees provided under the program. The Secretary shall exclude from each report submitted under paragraph
(1)any proprietary or competitive information relating to the eligible entities that were provided a grant or loan guarantee, or eligible technologies that were implemented, under the program. There is authorized to be appropriated to the Secretary to carry out this section, to remain available until expended— $500,000,000 for fiscal year 2022; and $1,000,000,000 for each of fiscal years 2023 through 2031.
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Sec. 2
Commercial-scale implementation of transformative industrial technologies
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