CFS Secures $33 Million in DOE Funding for Ohio Valley Electric Corporation

FOR IMMEDIATE RELEASE 

February 23, 2026

Washington, DC – Capitol Funding Solutions (CFS) is pleased to announce that we have secured $33,133,500 in funding from the Department of Energy (DOE) for Ohio Valley Electric Corporation (OVEC). Funded by the Coal Recommissioning and Modernization Broad Agency Announcement, the project was selected from a highly competitive applicant pool of projects that will expand rural capacity for coal production and drive domestic energy affordability. This is the second of two awards that CFS has secured from the BAA, among a total of six recipients.

ABOUT THE AWARD

Project: Kyger Creek Station Modernization and Resiliency Project

Ohio Valley Electric Corporation will utilize the funding to modernize its five coal-fired generating units at the Kyger Creek Station in Cheshire, Ohio. These comprehensive upgrades are intended to significantly enhance the plant’s operational efficiency, reliability, and overall power generation capacity. These initiatives aim to strengthen the affordability and security of the national power grid by improving unit reliability, reducing unplanned outages, and increasing electricity output.

View the DOE award announcement here.

ABOUT THE FUNDING

The Restoring Reliability: Coal Recommissioning and Modernization BAA provides up to $525 million in federal funds to support coal facilities across the United States. It funds projects in two categories: Topic Area 1, which includes coal commissioning, recommissioning, retrofitting, and modernization projects, and Topic Area 2, focused on rural capacity and energy affordability initiatives. This award falls under Topic Area 2, which funded six projects that assist rural or remote communities that rely on coal assets for dependable, affordable, and secure power. 

Learn more about the funding here.

ABOUT CAPITOL FUNDING SOLUTIONS 

CFS is a full-service competitive funding firm based in Washington, DC, providing funding strategy, comprehensive proposal management, grant administration, and program design to help clients find, win, and implement competitive funding. We guide public and private sector clients through the complexities of federal, state, local, and private funding opportunities, delivering customized strategies that align with each organization’s mission and goals. With over $2.7 billion in competitive funding secured, CFS collaborates with a network of strategic partners, including technical consultants, lobbyists, and law firms, to maximize its clients’ success across a wide range of industries. 

Learn more about CFS and our services here.

Media Contact:

Samantha Benthien, Director of Strategic Communications

[email protected]