💼DOE's Update on Technology Investment Agreement Regulations
Update and Relocation of the Department of Energy Technology Investment Agreement Regulations
Summary
The Department of Energy (DOE or the Department) is issuing this interim final rule (IFR) to update, streamline, and relocate the policies, procedures, and provisions that are applicable to the award and administration of certain other transaction (OT) agreements awarded under DOE's OT authority provided in the Energy Policy Act of 2005's amendments to the Department of Energy Organization Act. DOE expects that the simplification of the implementing regulations will enable improved use OT Agreements beyond the Technology Investment Agreements (TIAs) contemplated in the original regulations. This IFR will promote more uniform application of this authority and the policies and provisions for the award and administration of it.
Agencies
- Energy Department
Business Impact
$$ - Med
The interim final rule significantly impacts businesses by streamlining the process for other transaction (OT) agreements under the Department of Energy, broadening opportunities for financial assistance in research, development, and demonstration projects. The updates simplify compliance and create more accessibility for private entities, thereby fostering innovation.