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Support research, development, and technological advancements through partnerships and financial support for the large scale development and commercialization of projects, processes, activities, and technologies that reduce environmental impacts and increase sustainability of energy production and delivery.
Applicants should apply through the North Dakota Industrial Commission to utilize funding.
Applications are not being accepted at this time.
Eligible use of proceeds are the following:
- Investments that result in low-emission advancements that lead to increased economic benefits and positive environmental public health benefits.
- Have the highest potential for preserving and creating clean sustainable energy jobs, wealth, and tax revenues for North Dakota.
- Promote efficient, economic and environmentally sound development and use of North Dakota’s energy resources, materials and products.
- Maximize the market potential for clean sustainable energy resources, materials and products and the associated byproducts.
- Minimize waste, including lower carbon-intensive agricultural products or processes and quantities of energy used.
- Increasing efficiencies that reduce emissions to the air, soil and water within North Dakota.
- Increase reliability and resiliency for sufficient dispatchable electrical generation capacity to avoid, brownouts, blackouts or outages.
Ineligible use of proceeds are the following:
- Business startup capital.
- Business working capital for grant awards.
- Business advertising or promotional expenses pertaining to a specific company or entity.
- Expenses not outlined in the proposed budget.
- Expenses incurred prior to submission of application. Note, applicants may incur expenses after submission of their proposal for which they intend to seek reimbursement; however, they do so at their own risk as the Clean Sustainable Energy Authority/Industrial Commission may not award funding.
Grants may be awarded for up to 50% of project cost, with a minimum grant of $1 million and a maximum grant of ten million per project. Grants are primarily targeted for pilot and demonstration scale systems but can be used through commercialization.
Loans may be for up to 50% of project cost, with a minimum loan amount of $10 million.
The Clean Sustainable Energy Authority shall make recommendations to the North Dakota Industrial Commission for grant awards and loan approvals from the Clean Sustainable Energy Authority fund.
The interest rate established for this loan program has been set at 2.00% with the fund receiving 1.50% and the Bank receiving a 0.50% administrative fee. A lead financial institution may receive a portion of BND’s administrative fee as a service fee.
All loans under this program shall be secured by all available collateral interests. The Bank will work with other alternative financing sources in perfecting collateral interests for all parties.