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financial assistance as is necessary to supplement 
private sector financing for eligible projects. 
‘‘(2) CLIMATE CREDIT BOARD.— 
‘‘(A) IN
GENERAL.—Not later than 180 
days after the date of enactment of this section, 
the Secretary shall establish within the Depart-
ment of Energy a Climate Credit Board com-
posed of— 
‘‘(i) the Under Secretary of Energy, 
who shall serve as Chairperson; 
‘‘(ii) the Chief Financial Officer of the 
Department of Energy; 
‘‘(iii) the Assistant Secretary of En-
ergy for Policy and International Affairs; 
‘‘(iv) the Assistant Secretary of Energy 
for Energy Efficiency and Renewable En-
ergy; and 
‘‘(v) such other individuals as the Sec-
retary determines to have the experience 
and expertise (including expertise in cor-
porate and project finance and the energy 
sector) necessary to carry out the duties of 
the Board. 
‘‘(B) DUTIES.—The Board shall—
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‘‘(i) implement the program developed 
under section 1610(g)(1) in accordance with 
paragraph (3); 
‘‘(ii) issue regulations and criteria in 
accordance with paragraph (4); 
‘‘(iii) conduct negotiations with indi-
viduals and entities interested in obtaining 
assistance under this section; 
‘‘(iv) recommend to the Secretary po-
tential recipients and amounts of grants of 
assistance under this section; and 
‘‘(v) establish metrics to indicate the 
progress of the greenhouse gas intensity re-
ducing technology deployment program and 
individual projects carried out under the 
program toward meeting the criteria estab-
lished by section 1610(i)(2). 
‘‘(3) GREENHOUSE
GAS
INTENSITY
REDUCING 
TECHNOLOGY
DEPLOYMENT
PROGRAM.—Not later 
than 1 year after the date of enactment of this section, 
the Board, with the approval of the Secretary, shall 
implement the greenhouse gas intensity reducing tech-
nology deployment program developed under section 
1610(g)(1). 
‘‘(4) REGULATIONS AND CRITERIA.—
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‘‘(A) IN GENERAL.—Not later than 1 year 
after the date of enactment of this section, the 
Board, in coordination with the Secretary and 
after an opportunity for public comment, shall 
issue such regulations and criteria as are nec-
essary to implement this section. 
‘‘(B) REQUIREMENTS.—The regulations and 
criteria shall provide for, at a minimum— 
‘‘(i) a competitive process and the gen-
eral terms and conditions for the provision 
of assistance under this section; 
‘‘(ii) the procedures by which eligible 
project owners and eligible project devel-
opers may request financial assistance 
under this section; and 
‘‘(iii) the collection of any other infor-
mation necessary for the Secretary to carry 
out this section, including a process for ne-
gotiating the terms and conditions of assist-
ance provided under this section. 
‘‘(C) ELIGIBILITY AND CRITERIA.—The de-
termination of eligibility of, and criteria for se-
lecting, eligible projects to receive assistance 
under this section shall be carried out in accord-
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ance with subsection (c) and the regulations 
issued under subparagraph (A). 
‘‘(D) CONDITIONS FOR PROVISION OF AS-
SISTANCE.—The Board shall not provide assist-
ance under this section unless the Board deter-
mines, in accordance with the regulations issued 
under subparagraph (A), that the terms, condi-
tions, maturity, security, schedule, and amounts 
of repayments of the assistance are reasonable 
and appropriate to protect the financial interests 
of the United States. 
‘‘(5) CONFIDENTIALITY.—In accordance with sec-
tion 552 of title 5, United States Code, and any re-
lated regulations applicable to the Department of En-
ergy, the Board shall protect the confidentiality of 
any information provided by an applicant for assist-
ance under this section that the applicant certifies to 
be commercially sensitive or that is protected intellec-
tual property. 
‘‘(c) DETERMINATION OF ELIGIBILITY; PROJECT SE-
LECTION.— 
‘‘(1) ELIGIBILITY.—To be eligible to receive as-
sistance under this section, an eligible project shall, as 
determined by the Board—
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‘‘(A) be supported by an application that 
contains all information required to be included 
by, and is submitted to and approved by the 
Board in accordance with, the regulations and 
criteria issued by the Board under subsection 
(b)(4); 
‘‘(B) be nationally or regionally significant 
by— 
‘‘(i) reducing greenhouse gas intensity; 
‘‘(ii) contributing to energy security; 
and 
‘‘(iii) contributing to energy and tech-
nology diversity in the energy economy of 
the United States; 
‘‘(C) contain an advanced climate tech-
nology or system that could— 
‘‘(i) significantly improve the effi-
ciency, security, reliability, and environ-
mental performance of the energy economy 
of the United States; and 
‘‘(ii) reduce greenhouse gas emissions; 
‘‘(D) have revenue sources dedicated to re-
payment of credit support-based project financ-
ing, such as revenue— 
‘‘(i) from the sale of sequestered carbon;
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‘‘(ii) from the sale of energy, elec-
tricity, or other products from eligible 
projects that employ advanced climate tech-
nologies and systems; 
‘‘(iii) from the sale of electricity or 
generating capacity, in the case of elec-
tricity infrastructure; or 
‘‘(iv) associated with energy efficiency 
gains, in the case of other energy projects; 
‘‘(E) include a project proposal and agree-
ment for project financing repayment that dem-
onstrates to the satisfaction of the Board that the 
dedicated revenue sources described in subpara-
graph (D) will be adequate to repay project fi-
nancing provided under this section; and 
‘‘(F) reduce greenhouse gas intensity on a 
national, regional, or company basis. 
‘‘(2) LIMITATIONS.—Except as otherwise pro-
vided in this section— 
‘‘(A) the total cost of an eligible project pro-
vided Federal financial assistance under this sec-
tion shall be at least $40,000,000; 
‘‘(B) the Federal share of an eligible project 
provided Federal financial assistance under this