IRA Section 50144 – Energy Infrastructure Repurposing and Remediation Financing

Section 50144 of the IRA appropriates $5 billion to DOE to provide loan guarantees for projects that “retool, re-power, repurpose, or replace energy infrastructure that has ceased operations,” including projects that “include the remediation of environmental damage associated with energy infrastructure.” Where such project involve installing electricity generating equipment that uses fossil fuels, that equipment must “have controls or technologies to avoid, reduce, utilize, or sequester air pollutants and anthropogenic emissions of greenhouse gases.”

DOE may also use the appropriated funds to make guarantees for projects that “enable operating energy infrastructure to avoid, reduce, utilize, or sequester air pollutants or anthropogenic emissions of greenhouse gases.”

The funds appropriated under section 50144 will remain available through September 30, 2026.