Power Innovation Program

The Virginia Department of Energy invites proposals for energy innovation in the Commonwealth of Virginia, with grants to be awarded at its discretion. Donor Name: Virginia Department of Energy State: Virginia County: All Counties Type of Grant: Grant Deadline: (mm/dd/yyyy) 09/15/2024 Size of the Grant: $500,000 to $1 million Grant Duration: Grant Duration Not Mentioned Details: The Virginia Power Innovation Fund and Program is for the purposes of research and development of innovative energy technologies, including nuclear, hydrogen, carbon capture and utilization, and energy storage; and to award grants on a competitive basis from the Fund to support energy innovation in the Commonwealth of Virginia. The Virginia Power Innovation Program (the Program) is hereby established for the purpose of establishing a Virginia nuclear innovation hub from such funds as may be available from the Fund and awarding grants on a competitive basis from such funds as may be available from the Fund to support energy innovation. The Program shall be administered by the Department. In administering the Program, the Department shall, in collaboration with the Virginia Nuclear Energy Consortium, establish and publish guidelines and criteria for disbursement of funds pursuant to clause, including providing grants to support higher education research on advanced nuclear technologies and advanced reactor technologies, to fund nuclear energy workforce development programming, and to assist with site selection for future small modular reactor projects in Virginia. In administering the Program, the Department shall, in collaboration with the Secretary of Commerce and Trade, establish and publish guidelines and criteria for disbursement of funds pursuant to clause. The Department shall oversee each grant awarded through the Program and ensure thorough reporting on each such grant. Funding Information Up to $3 million. $10,000-$1,000,000, pending available funds. Criteria Grant awards are made at the discretion of the Virginia Department of Energy and in determining grant amounts, the following criteria will be considered: return on investment impact on energy affordability, reliability, and clean energy goals in the Commonwealth capital investment utilization of research-based technologies For more information, visit Virginia Department of Energy.