1. Short title This Act may be cited as the Facilitating the Reshoring of Energy Grid Component Manufacturing Act of 2023 . 2. Energy grid product and component manufacturing in the United States (a) Definitions In this section: (1) Component The term component means any part or element of an energy grid product. (2) Eligible project The term eligible project means a project to reequip, expand, or establish (including through new construction) a manufacturing facility in the United States to produce energy grid products or components. (3) Energy grid product The term energy grid product means— (A) a bulk-power system (as defined in section 215(a) of the Federal Power Act ( 16 U.S.C. 824o(a) )); (B) a large power transformer; (C) a switchgear or breaker; (D) a converter; (E) a direct current filter; (F) an alternating current switch or switchyard; (G) an insulated-gate bipolar transistor; (H) a capacitor; (I) an inductor; (J) an arrestor; (K) a resistor; (L) a distribution transformer; (M) grain-oriented electrical steel; (N) continuously transposed conduction (CTC) copper wire; (O) silicon steel; (P) any insulating material