FAA Allocates $291 Million in Sustainability Grants

The FAST grant program is funded by the Inflation Reduction Act of 2022.

Fangzhong Guo

Tuesday, August 20, 2024 at 01:52 PM ET

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Edited By: tccjeremy

Alaska Airlines announces investment in JetZero. [Courtesy: Alaska Airlines]

Key Takeaways:

The FAA has allocated $291 million through its Fueling Aviation’s Sustainable Transition (FAST) grant program to 36 projects aimed at achieving net-zero greenhouse gas emissions in U.S. aviation by 2050.
The majority of the funding, $244.5 million, is designated for 22 projects focused on accelerating the development and use of Sustainable Aviation Fuels (SAFs), including supply chain studies and infrastructure for production, transportation, blending, and storage.
The remaining $46.5 million supports 14 projects dedicated to developing low-emission aviation technologies, such as improving fuel use efficiency, alternative propulsion systems (e.g., hydrogen, electric), and disruptive aerodynamic designs.

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The FAA last week announced it will be allocating $291 million of the Fueling Aviation’s Sustainable Transition (FAST) discretionary grant program allotment across 36 projects.

FAST invests in accelerating the production and use of sustainable aviation fuels (SAFs) and developing low-emission aviation technologies to support the U.S. aviation climate goal to achieve net-zero greenhouse gas emissions by 2050.