US Government Amplifies Support for Alternative Protein Industry with New Funding Initiatives
The United States Department of Energy’s (DOE) Industrial Efficiency and Decarbonization Office (IEDO) has officially released a Funding Opportunity Announcement (FOA), unveiling a $83 million funding opportunity designed to target emissions reduction in the industrial sector, with a significant focus on the alternative protein industry. The IEDO’s announcement highlights its intention to support 3-8 proposals in the Food and Beverage industry, offering awards ranging from $500,000 to $7 million. In December 2023, The Good Food Institute hosted a webinar with the IEDO to discuss how this funding opportunity specifically earmarks a portion for the decarbonization of alternative protein production, recognizing the sector’s potential to contribute to a more sustainable and climate-friendly food system. The department has identified alternative protein production, including plant-based, precision fermented, and …