GFO-24-302 – Enabling Electric Vehicles as Distributed Energy Resources
Highlights
This program is a fantastic opportunity for your business to align with California’s vision for a cleaner future. By applying, you can receive funding for innovation that enhances vehicle-grid integration (VGI) technologies. This could mean developing new methods to utilize electric vehicle (EV) batteries more effectively or tackling solutions that lower the costs of bidirectional charging. Not only will your efforts contribute to the state’s environmental goals, but you'll also be at the forefront of an emerging market.
Participating in this initiative can help reduce your operating costs, making your business more efficient and competitive. Additionally, there are no revenue caps or minimums, ensuring that businesses of any size can benefit. The program promotes collaboration and prioritizes projects that support underserved communities, so your involvement could make a real difference while also positioning your business as a leader in sustainable practices. Make the most of this chance to drive innovation and impact with ease!
Financing Details
Type of Financing
This program offers grants for eligible projects. These grants do not require repayment, which means you can use the funds to support your business without the stress of paying it back later.
Eligible Expenses
You can use the funds for various project-related costs, including:
- Research and development of vehicle-grid integration (VGI) technologies
- Purchasing and installing bidirectional charging equipment
- Creating flexible submetering solutions
- Community engagement efforts, particularly for projects addressing disadvantaged and low-income community needs
Exclusions and Fees
Funds cannot be used for:
- General business operating expenses
- Any costs unrelated to the eligible projects outlined above
Additionally, there are no application fees for this program, making it even easier for you to access the funding you need.
Qualifications
- Location: Must be based in California.
- Sectors: Open to all sectors.
- Employees: No minimum or maximum number of employees required.
- Company Revenue: No minimum or maximum revenue qualifications.
- Legal Structure: All legal structures are eligible.
- Profit Structure: All profit structures are eligible.
Disqualifications: None mentioned.
Description
The program aims to support the use of electric vehicles (EVs) in California as valuable energy resources. With the increasing number of EVs on the road, your business can play a significant role in achieving important climate and air quality goals. There are funding opportunities available for projects that enhance vehicle-grid integration (VGI) technologies, making it easier for you to leverage the battery capacity of EVs effectively.
By participating, you can receive funding for research and innovation that helps address key challenges. This could involve reducing costs for bidirectional charging equipment, finding better submetering solutions, or bridging existing knowledge gaps in VGI. You won't be alone; the program prioritizes projects that engage and support disadvantaged or low-income communities, fostering a sense of collaboration and impact.
This funding is a chance for your business to contribute meaningfully to California's clean energy future while also potentially reducing your operating costs. Whether your business is large or small, there's no revenue cap and no minimum requirement, making it an inclusive opportunity for all sectors in our vibrant economy.
Program Steps
Visit the program's official website to understand the details and requirements.
Identify your project's goals related to vehicle-grid integration (VGI) and assess how it can contribute to environmental objectives.
Prepare the necessary documentation to support your application. You will likely need:
- A project proposal outlining your objectives and expected outcomes.
- A budget plan detailing the costs associated with your project.
- Relevant data on your business and its operations.
- Letters of support from partners or community organizations, especially those serving disadvantaged communities.
Complete the application form available on the program's website. Ensure you provide accurate and thorough information.
Submit your application along with the prepared documentation before the deadline.
Monitor your email for notifications about your application status and any further steps required.
If awarded funding, follow the instructions provided to finalize agreements and initiate your project.
