The U.S Department of Energy (DOE)s Office of Energy Efficiency and Renewable Energy (EERE) intends to issue, on behalf of the Wind Energy Technologies Office (WETO) and the Office of Electricity (OE), a Funding Opportunity Announcement (FOA) entitled Innovative DEsigns for high-performAnce Low-cost HVDC Converters (IDEAL HVDC). The activities under this anticipated FOA support the government-wide approach to the climate crisis by driving the innovation that can lead to the deployment of clean energy technologies, which are critical for climate protection. Specifically, the planned FOA would invest in research and development to support continued innovation and cost reduction for high-voltage direct current (HVDC) voltage source converter (VSC) transmission systems.This investment is intended to enable future cost-effective grid upgrades required to integrate increasing renewable energy generation on to the grid, both onshore and offshore. This notice of intent (NOI) is issued so that interested parties are aware of EEREs intention to issue this FOA in the near term. All the information contained in this NOI is subject to change. EERE will not respond to questions concerning this NOI. Once the FOA has been released, EERE will provide an avenue for potential applicants to submit questions. Complete information, including the full Notice of Intent, can be found on the EERE Exchange website: https://eere-exchange.energy.gov/