Grants and Loans on Offer in Energy Independence Program
The Wisconsin Energy Independence Fund is a 10-year, $150 million initiative designed to support the development and commercialization of clean energy technologies in Wisconsin through grants and loans to businesses and researchers. Typical awards will range from $100,000 to $500,000 per project, although no amounts are specified. Clean energy includes electrical, mechanical, or thermal energy produced from hydrogen, biomass, biogas, solar energy, geothermal energy, biofuels, wind energy, or hydroelectric power. Projects that propose the substitution of renewable chemicals for petroleum derived chemicals will be considered for funding as well. Three categories of projects will be funded through this initiative: research and development; commercialization or adoption; and supply chain development. Grants: Research and development (R&D) projects are the only category of projects eligible for grant funding. All grants require at least a 50% cost-share and grant money must be spent in Wisconsin to where it is practical to do so. The cost share proportion may be met with in kind contributions of goods and services with a declarable market value. In order to be eligible for a grant R&D projects must meet the following criteria: be based on viable science; propose game-changing or transformational technology; have a large market potential; be aligned with state and regional strengths; and are likely to be commercialized or manufactured in Wisconsin. Low-interest loans: Commercialization projects and supply-chain development projects are both eligible for 4% fixed rate loans with terms of up to 15 years. The term of the loan will vary according to the project and the how the money will be used. Loans may be used for construction and expansion projects; for the acquisition of land, buildings, equipment, and existing businesses; or as working capital. Contact: Office of Energy Independence, Commercialization and Marketing Development, 17 W. Main St., Suite 429, Madison, WI 53703; 608-264-7651;
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