; or (ii) in conjunction with other investors. (10) Qualified projects The terms qualified projects means the following kinds of technologies and activities that are eligible for financing and investment from the National Climate Bank, either directly or through State and local green banks funded by the National Climate Bank: (A) Renewable energy generation, including the following: (i) Solar. (ii) Wind. (iii) Geothermal. (iv) Hydropower. (v) Ocean and hydrokinetic. (vi) Fuel cell. (B) Building energy efficiency, fuel switching, and electrification. (C) Industrial decarbonization. (D) Grid technology such as transmission, distribution, and storage to support clean energy distribution, including smart-grid applications. (E) Agriculture projects that reduce net greenhouse gas emissions including reforestation, afforestation, forestry management, and regenerative agriculture. (F) Clean transportation, including the following: (i) Battery electric vehicles. (ii) Plug-in hybrid electric vehicles. (iii) Hydrogen vehicles. (iv) Other zero-emissions fueled vehicles. (v) Related vehicle charging and fueling infrastructure. (G) Climate resilient infrastructure. (H) Any other key areas identified by the Board as consistent with the mandate of the Bank as described in section 1623. (11) Renewable energy generation The term renewable energy generation means electricity created by sources that are continually replenished by nature, such as the sun, wind, and water. 1622. Establishment (a) In general Not later than 1 year after the date of enactment of this subtitle, there shall be established a nonprofit corporation to be known as the National Climate Bank . (b) Limitation The Bank shall not be an agency or instrumentality of the Federal Government. (c) Full faith and credit The full faith and credit of the United States shall not extend to the Bank. (d) Nonprofit status The Bank shall— (1) be an organization described in section 501(c) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of that