The U.S. Department of Energy (DOE) has allocated over $25 billion through its Office of Clean Energy Demonstrations (OCED) to advance the development of clean energy technologies. This funding, originating from the Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022, supports projects aimed at reducing the cost and financial risks associated with emerging
Organizations applying for OCED funding must navigate a structured five-stage process, from pre-application to project performance, with compliance requirements playing a crucial role. Effective management of federal funds is critical, encompassing areas such as cost allowability, job cost reporting, and drawdown procedures, as outlined in federal regulations. Companies must ensure robust financial, procurement, and property management systems to meet compliance standards. For those without in-house expertise, seeking external support in grant management and regulatory adherence is advisable to streamline processes and mitigate risks.
