Saturday, February 18, 2012

President's 2013 Energy Budget Invests in Solar, Energy Storage and ARPA-E Research

Saturday, February 18, 2012

President Obama on February 13 released his Fiscal Year 2013 budget request to Congress, which proposes $27.2 billion for DOE. The blueprint includes investments in innovation, in the job-creating clean energy technologies, and in national security strategy. Specifically, the FY 2013 request promotes efforts to cut the cost of solar energy by 75% by the end of the decade and continue crosscutting research into clean energy technologies that can lead to a one-third reduction of dependence on oil by 2025.

Among the highlights: $60 million to perform critical research on energy storage systems and devise new approaches for battery storage; $350 million for the Advanced Research Projects Agency-Energy (ARPA-E) to continue support for promising early-stage research projects that could deliver game-changing clean energy technologies; $120 million to support energy frontier research centers and $140 million for five existing energy innovation hubs and to establish a new hub to focus on grid systems and the tie between transmission and distribution systems. The president's FY13 budget request also highlights steps taken by DOE to reduce costs, including for example, reducing, consolidating, or moving 40% of its websites to the platform to increase communication and transparency, and streamline website infrastructure processes, which will save more than $10 million a year. See the DOE press release and the proposed FY 2013 DOE budget.

View the original article here

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