Introduction to Recovery Act FundingIntroduction to Recovery Act Funding

How to Make Your Project “Shovel Ready”

Stoel Rives LLPStoel Rives LLP• The Firm

– Stoel Rives enjoys a 100-year tradition of excellence as a leading U.S. law firm. With nearly 400 lawyers practicing across the full spectrum of corporate law and business litigation, and offices in eight states, we provide legal services to clients with local, regional, national and international operations.

• Our Lawyers– Our lawyers have distinguished themselves in numerous areas of practice. Stoel Rives ties for 21st place nationally for the total

number of attorneys listed in Best Lawyers in America, a remarkable statistic considering that the firm’s total number of attorneys ranks 117th nationally (NLJ 250, November 15, 2004). Also notable is the firm’s third national ranking for the number of attorneys listed in the Energy Law category. Our lawyers share a commitment to excellence in client service and a deep sense of integrity, in addition to a desire to provide the very best legal services in their respective areas of experience.

• Our Clients– Stoel Rives’ client base includes public and private utilities, financial institutions, software companies, developers, newspapers,

hospitals, universities, charitable foundations, forest product companies, retailers and manufacturers, among others. The firm represents businesses at all stages of growth, from start-ups to internationally known public companies.

• Our Vision– We will serve leading established and emerging business clients by providing value-added solutions to their challenging legal needs.– We will accomplish this goal by providing distinctive client service and developing relationships based on a combination of specialized

experience, a commitment to excellence, and deep business and industry knowledge.– We will develop and retain the best available lawyers and staff. – We will obtain our goals while preserving our culture of commitment to integrity, diversity in all its forms, our communities and each other.

The Recovery Act Provides The Recovery Act Provides Buckets of MoneyBuckets of Money

• Where are the buckets of money?• What kinds of buckets are out there?• How do I get the buckets to flow into my project?

Where Can I Find More Information Where Can I Find More Information About the Buckets?About the Buckets?

• www.stoel.com/alerts.aspx • www.lawofrenewableenergy.com• www.recovery.gov• www.energy.gov/recovery• www.grants.gov/applicants/recovery.jsp• www.cted.wa.gov/site/1164/default.aspx

Types of BucketsTypes of Buckets

• Grants• Loans • Bonds• Expect some cost-share

How Can I Dip into a Bucket?How Can I Dip into a Bucket?

• Do prework• Get your project “shovel ready”• Watch for Funding Opportunity Announcements

(FOAs)• Move swiftly to apply in compliance with FOAs

40-Page FOA40-Page FOA

Industrial Energy Industrial Energy Efficiency Grand ChallengeEfficiency Grand Challenge

• The goal of this FOA is to fund cost-shared development of transformational industrial processes and technologies. A process or technology is transformational if it reduces energy intensity or greenhouse gas emissions by a minimum of 25% while providing a return on investment of 10% or greater. Eligible projects must be associated with the nation's most energy-intensive industries, including: · Petroleum · Food & Beverage · Fabricated Metals · Metal Casting · Informational Technology · Mining · Aluminum · Forest & Paper Products · Cement · Glass · Transportation Equipment · Iron & Steel · Chemicals

• This FOA will provide approximately $15 million to fund up to 50 individual awards. DOE anticipates that the awards will range between $100,000 and $300,000. The funding will be issued in five stages over one year, but DOE may select projects to continue for an additional three to four years. Applicants are subject to at least 20% cost-share.

Representative Funding Opportunity Announcements

• $15 million for energy efficiency at industrial plants• $24 million for wind energy research• $100 million for demonstration of innovative concepts

for beneficial CO2 use• $156 million for combined heat and power systems• $176 million for clean solar• $350 million for geothermal projects• $1 billion for commercial carbon capture and

sequestration

PreworkPrework

• DUNS Number: http://fedgov.dnb.com/webform

• Central Contractor Registration: http://www.ccr.gov/

• Fed Connect: http://www.fedconnect.net/Fedconnect/PublicUserRegistration.aspx

Shovel Ready Shovel Ready

• Technology• Community• Site• Team

Shovel-Ready TechnologyShovel-Ready Technology

• Research• Pilot• Demonstration• Commercial

FOAs for:

Shovel-Ready CommunityShovel-Ready Community

• Does your community have an available workforce?• What job training is necessary?

– Demographics within area of project– Job training center as a team member– Ability to leverage other funding

• Are the jobs sustainable in the community?

Shovel-Ready SiteShovel-Ready Site

• Availability• Infrastructure• Developable

Shovel-Ready TeamShovel-Ready Team

• Collaborative team– Domestic entities– Government– National Laboratories

• Expect some cost-share– Contribution of materials or intellectual property– Other government sources

TimelinesTimelines

• Cover sheets• Letters of intent• Concept papers• Full applications

Drafting ApplicationDrafting Application

• Do not count on the reviewer being familiar with your industry

• Some areas need to be written so that a lay person can understand how the project meets the FOA request

• Explanation of science needs to be complete

Conforming to Application Conforming to Application RequirementsRequirements

• The buckets do not flow indiscriminately• General Recovery Act policy goals

– Deploy quickly– Stimulate the economy– Provide immediate and sustainable jobs– Identify scalable technologies– Overcome barriers to commercialization

Keep Looking for More BucketsKeep Looking for More Buckets

• One application per FOA• Applications can be made under multiple FOAs• Keep looking for alternative funding

John Laneyjslaney@stoel.com

(206) 386-7559

Stoel Rives LLP600 University Street, Suite 3600Seattle, WA 98101