Financing Our Energy Future Act

Expansion of Energy Infrastructure: The bill expands the partnership structure to include the generation of electric power or thermal energy using qualified energy resources, the operation of energy property, and the storage of electric power or thermal energy using energy storage technology (Section 2(a)(1)-(iii), (iv), (v)).

Support for Alternative Fuels: The bill includes provisions for the transportation or storage of specific fuels, including liquified or compressed hydrogen, as well as the conversion and storage of renewable biomass into renewable fuel (Section 2(a)(vii), (viii)).

Carbon Reduction Efforts: The bill covers the production, storage, or transportation of fuels that use captured carbon oxides as a primary feedstock, provided they achieve a specific reduction in lifecycle greenhouse gas emissions (Section 2(a)(ix)(I)-(III)).

Nuclear and Gasification Energy: The bill extends coverage to the generation of electric power from qualifying gasification projects and advanced nuclear facilities (Section 2(a)(x), (xii)).

Renewable Chemical Production: The bill includes the production, storage, or transportation of certain renewable chemicals produced in the United States that have a high biobased content and are not used for food, feed, fuel, or pharmaceuticals (Section 2(a)(xiii)).