(a) Identify, plan, organize, initiate, and sponsor studies, research, and experimental, pilot, and demonstration facilities and projects that would lead to the development and more efficient utilization of present, new, or alternative energy sources in this Territory, to the conservation of energy, to the attraction of federal and other development funding in emerging and established national or territorial priority areas, or to the enhancement of the economic development of the Territory;
(b) Promote, assist, and provide financial assistance for the development of non-profit corporations organized and established under the laws of the Virgin Islands to further the purposes of this chapter;
(c) Seek out, apply for, receive, and accept grants, gifts, contributions, loans, and other assistance in any form from public and private sources, including assistance from any agency; and
(d) Make grants from funds that are appropriated by the Legislature and from gifts or grants obtained under paragraph (c) of this section for the purposes of developing, constructing, or operating experimental, pilot, and demonstration facilities or programs that develop, test, or demonstrate more efficient and environmentally acceptable methods of extracting energy resources; new concepts, programs, or technology for the conservation of energy; new concepts, programs, or technology for the efficient and environmentally acceptable use of present, new, or alternative energy sources; or concepts, programs, or technology which develop resources of the Territory. Grants may be made, without limitation, for projects and programs such as experimental demonstrations or development of solar heating and cooling and potentially energy-efficient construction in public buildings, schools, offices, commercial establishments, and residential homes; development of programs or experimental demonstrations of the utilization of waste products in energy production and mineral and energy conservation; and development of programs or experimental demonstrations of technologies which would permit utility pricing policies that may reduce the consumer costs of energy.