ARTICLE
2 May 2020

Underutilized Sources Of Public Capital For The Clean Energy Sector

JD
Jones Day

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Jones Day is a global law firm with more than 2,500 lawyers across five continents. The Firm is distinguished by a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.
Even in uncomplicated times, accessing capital and other forms of financial support can be challenging. We summarize here a cross-section of federal and, on an exemplary basis, state financial support...
United States Energy and Natural Resources

Even in uncomplicated times, accessing capital and other forms of financial support can be challenging. We summarize here a cross-section of federal and, on an exemplary basis, state financial support mechanisms currently available to the clean energy sector, beyond the historic, now waning Production Tax Credit and Investment Tax Credit. These programs—premised on the contribution to our innovation economy, domestic manufacturing and national security of renewables, energy efficiency solutions and storage systems—are available to developers, entrepreneurs, and investors. They offer a diverse quiver of arrows ranging from direct loans and grants, through loan guarantees and tax benefits, to opportunities for R&D collaboration with this nation's National Laboratories. We specifically highlight underutilized programs, but also include programs that, however well known in some circles, may now engage a broader coalition. Collectively, these financial support systems, some competitively awarded, are expected to allocate tens of billions of dollars across the spectrum of clean energy ventures and projects. They also may carry collateral benefits, reputational and otherwise.

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