$2.27 billion requested for US renewable energy industry

Share

The Obama administration has said it is, among other things, looking to create jobs in clean energy technologies. In terms of solar, it wants to reduce costs by a further 75 percent, so that the need for subsidies will be eliminated by the end of 2019. The goal is to make solar power "affordable for all Americans". To help achieve this, a focus will continue to be placed on the research, development and deployment of clean energy. As such, a total of $310 million is being sought for solar for 2013 under the EERE budget, up from $260 million in 2011 and $289 million in 2012.

Additionally, the administration has said that $60 million should be set aside for the development of energy storage and battery systems; $350 million should be awarded to the Advanced Research Projects Agency-Energy (ARPA-E) in its work in supporting early-stage research projects; $120 million should be given to support energy frontier research centers; and $140 million should be provided to five existing energy innovation hubs and an additional new hub, which would focus on grid systems and the tie between transmission and distribution systems.

Unfortunately, nuclear, is also set to receive a large sum of cash. According to a statement released, $770 million has been requested for the nuclear industry, "including $65 million for cost-shared awards to support first-of-a-kind small modular reactors and $60 million for nuclear waste R&D that aligns with the recommendations of the Blue Ribbon Commission on America’s Nuclear Future."

In presenting the 2013 fiscal budget, U.S. Secretary of Energy Steven Chu stated, "The United States is competing in a global race for the clean energy jobs of the future. The choice we face as a nation is simple: do we want the clean energy technologies of tomorrow to be invented in America by American innovators, made by American workers and sold around the world, or do we want to concede those jobs to our competitors? We can and must compete for those jobs. This budget request includes responsible investments in an American economy that is built to last."

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Batteries set to drive rapid solar growth

25 December 2024 Chemical battery storage, led by lithium, has made such significant strides in terms of cost, capacity and technology that batteries are now positione...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.