This bill seeks to expand the definition of renewable energy sources within the Farm Security and Rural Investment Act of 2002. Its primary objective is to formally recognize waste energy recovery as a legitimate form of renewable energy, alongside existing categories like hydroelectric power. The legislation specifically defines waste energy recovery as the process of capturing heat or pressure that would otherwise be released from commercial, residential, or industrial operations. This recovered energy must then be used as the sole input for another process, such as a waste heat to power or waste pressure to power system, to generate electricity. By incorporating this definition, the bill aims to incentivize and support projects that convert otherwise wasted energy into usable power.