Hydroelectric Efficiency Improvement Incentives Program
The Bipartisan Infrastructure Law authorized DOE to provide $75 million in incentive payments for Section 243: Hydroelectric Efficiency Improvement Incentives Program. Owners or operators of existing hydroelectric facilities, including pumped storage hydropower, may apply for funding to make capital improvements that can improve their efficiency by at least 3%. The Bipartisan Infrastructure Law states that payments shall not exceed 30% of the costs of the applicable capital improvement. A single qualified hydroelectric facility, including pumped storage hydropower, may only receive one incentive payment from this program within a single fiscal year, and that payment shall not exceed $5 million.
