Energy and sustainability projects
Capital-intensive projects rarely close on one source. The work is structuring the public and private pieces so each makes the other possible.
Federal industrial policy has directed substantial funding toward clean energy, transportation and advanced manufacturing, through a mix of grants, loan programmes and tax credits that interact with each other and with private capital. The projects are large, the timelines are long, and the funding stack is the hard part — a project that is not viable on private capital alone can be viable with the federal component, and getting the sequence and the structure right is the difference between a project and a proposal.
What is different here
Blended capital stacks
Grants, loan programmes, credits and private capital have to fit together. Each has conditions that affect the others.
Long horizons
Programme cycles and project timelines rarely align. Positioning has to start well before a solicitation appears.
Shifting policy
Industrial policy funding moves with appropriations and administrations. Monitoring is not optional at this scale.
Compliance obligations
Federal participation brings requirements — reporting, prevailing wage, domestic content — that shape project economics.
Relevant practice areas
Common questions
Can federal funding and private capital be combined?
Routinely, and for capital-intensive projects it is usually necessary. The structure matters: federal participation carries conditions that affect how the private side is underwritten.
How far ahead should we start?
Before the programme you are targeting opens. For projects at this scale, being ready when a solicitation drops is a matter of a year's preparation, not a quarter's.
What happens if the policy environment changes?
It does, and that is much of the argument for monitoring. Appropriations and agency guidance move, and a project positioned against last year's priorities is a project that misses.