President Obama doubled energy generation from wins, solar and geothermal sources. The United States government wants to ensure America's continued leadership position in clean energy. President Obama's goal is to again double the renewable electricity generation by 2020. The Fiscal Year 2014 Budget President Obama increased funding for clean energy technology across all Federal agencies by 30%, to approximately $7.9 billion.
Washington is making investments in energy technologies ranging from bio-fuels and emerging nuclear technologies-small modular reactors to clean coal. The Department of Energy (DOE) facilitates many of President Obama's highest priorities, including cutting carbon pollution and supporting clean energy technology, which is essential to job creation, long-term economic growth, and national security.
The Fiscal Year 2014 Budget for the DOE is $28.4 billion in discretionary funds to support investing in research and development (R&D) which is critical to leading the clean energy and advanced manufacturing.
Funding will be deployed to the next generation of advanced vehicles, advanced bio-fuels, bio-refineries, renewable power, such as solar, off-shore wind, nuclear energy, carbon capture, energy storage, fusion, emerging battery technologies, advanced manufacturing activities to help reduce energy use and transformative energy research.
Here is an example of a large grant coming out of the administration validating President Obama quote "Bypassing legistlation" to achieve his goals.
Highlights in the FY 2014 budget include:
$5 billion for the Office of Science for basic research to lay the foundation of innovation, long-term economic growth, and competitiveness;$615 million to increase use and decrease costs of clean power from solar, wind, geothermal, and water energy;
$282 million in next generation of advanced biofuels research;
$365 million in advanced manufacturing research and development to strengthen U.S. competiveness and enable companies to improve product quality and manufacturing processes while cutting production costs;
Ends $4 billion of unwanted and unnecessary subsidies to the oil and gas industries;
$147 million in research and development of smart grid investments, cybersecurity for energy control systems, and National Electricity Delivery within the Office of Electricity Delivery and Energy Reliability; and
$80 million for advanced technologies and tools that improve clean energy integration into the grid.
Source: DOE
U.S. Dept. of Energy grants $226 million to small reactor startup NuScale
Alternative nuclear rolled ahead a bit this week, as the U.S. DOE agreed to fund NuScale’s small modular reactor, transportable on the back of a truck.
The U.S. Department of Energy has taken another “small” step toward shaking the nuclear industry out of its uninvented ways and towards innovative reactors that lower costs and improved operations and safety for a low CO2 future: It has granted up to $226 million in funding to an Oregon start up that is developing a “small modular reactor.”
The award to Corvallis, Oregon-based NuScale Power marks the second tranche of a $452 million program that DOE announced in March 2012.
Posted by Mark Halper
Joshua D. Mosshart BIO
Cleantech Grants
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