Industry News

 View Only

Inflation Reduction Act Invests $150 Million in NREL Projects

By District Energy posted 05-23-2023 09:11




The U.S. Department of Energy (DOE) announced today its National Renewable Energy Laboratory (NREL) will begin work on a series of additions and improvements to two of its campuses made possible by $150 million in funding provided by the Inflation Reduction Act of 2022 (IRA). These improvements are critical to combat climate change and increase U.S. research competitiveness.

Secretary of Energy Jennifer M. Granholm made the announcement during a visit to NREL as part of a celebration of the expansion of the NREL campus in which she dedicated the newest building, the Research and Innovation Laboratory (RAIL). The RAIL building, which will house multipurpose lab space, is the first laboratory building to open on the campus in nearly a decade.

The addition of RAIL is the latest in a series of planned work involving the NREL campus and the surrounding area. DOE has taken ownership of the former Camp George West site south of NREL and will transform the 6.6-acre site into the South Table Mountain Energy Park (STEP), which will serve as an incubator for clean energy companies. The state of Colorado intends to build the Global Energy Park directly adjacent to NREL as a hub for the cleantech industry.

“NREL’s tranquil location in the foothills of the Rocky Mountains belies the tenacity with which the lab’s researchers are working to develop game-changing technology,” Secretary Granholm said. “This investment from President Biden’s Inflation Reduction Act will give the lab the resources it needs to help us tackle climate change and create a more resilient and secure power grid.”

Continue Reading