The Federal Aviation Administration announced nearly $300 million in funding for projects to help achieve America’s goal of net-zero emissions from aviation by 2050 as part of President Biden’s Investing in America Agenda.
The application window is now open for $245m in sustainable aviation fuels (SAF) infrastructure projects and $47m in low-emission aviation technology projects. The funding comes from the Inflation Reduction Act.
“We have a need for speed in this race, and thanks to President Biden’s Investing in America agenda, we have more resources than ever before to accelerate this critical work,” said FAA Assistant Administrator for Policy, International Affairs and Environment Laurence Wildgoose. “We look forward to receiving applications that can help accelerate the use of high-integrity SAF and the development of powerful low-emission aviation technologies.”
The new Fueling Aviation’s Sustainable Transition (FAST)-SAF grants will focus on producing, transporting and blending sustainable aviation fuel. These projects will build up regional SAF supply chains and increase SAF use.
FAST-Tech funds will accelerate aviation technology projects that reduce greenhouse gas emissions, improve aircraft fuel efficiency and increase the usage of sustainable aviation fuel. Eligible entities for the program are broad. They include airports, air carriers, universities, aviation and aerospace companies, state and local governments and nonprofit organizations.
The competitive grant process opens on Sept. 25. The FAA’s target for the first round of grant awards is mid-2024. Read the Notice of Funding Opportunity here.
