A bill to require the Secretary of Energy to establish a program to provide loans to manufacturers of energy grid products and components.
Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2023
This bill directs the Department of Energy (DOE) to establish a loan program for the production of energy grid products or components. Under the program, DOE may provide loans for activities related to projects that reequip, expand, or establish manufacturing facilities to produce energy grid products or their components. Energy grid products include large power transformers or any other electrical equipment commonly used for the transmission or distribution of electric energy by public electric utilities.
Referred to the Subcommittee on Energy, Climate and Grid Security.
Introduced in Senate
Read twice and referred to the Committee on Energy and Natural Resources.
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