Past Events

Energy Infrastructure Reinvestment program (EIR): The Most Important Clean Energy Policy You’ve Never Heard About

By December 14, 2022December 15th, 2022No Comments

Wednesday, December 14th from noon to 1 p.m.

ReImagine Appalachia and our guests with RMI and the Department of Energy’s Loan Program Office held a webinar for folks to learn about new opportunities for energy communities with a focus on the Energy Infrastructure Reinvestment Program – including how your community, organization, or project can find resources to take advantage of this new program.

The transition from coal to clean energy risks devastating communities historically reliant on the jobs and economic activity brought by investment and dependence on fossil fuels. 

This is where the EIR can help. The EIR was created as part of the Inflation Reduction Act. This new program will give the Department of Energy’s Loan Programs Office (LPO) new authority to provide economic opportunity for energy communities while accelerating the clean energy transition.

The EIR has $5 billion to reinvest in energy communities while reducing carbon emissions, it can provide financing for up to $250 billion in loans. This could provide qualified projects with low-cost loans to support the transition to cleaner energy, including the ability to refinance higher-cost debt and equity, saving ratepayers billions of dollars.

Speakers included:

  • Jigar Shah – Director of the DOE’s Loan Programs Office (LPO)
  • Jeremy Richardson – Manager of the Carbon-Free Electricity program at RMI
  • Amanda Woodrum– Director at ReImagine Appalachia

Watch the recording here