Obama seeks DOE funding hikes for 2011 clean energy

Source: Green Technology Daily

WASHINGTON - The President’s proposed 2011 federal budget allocates about one-sixth of $28.4 billion for the US Energy Department to invest in clean energy technologies, and a further $1.8 billion to discover novel ways to produce, store and use energy.

As part of the federal budget, Obama instructed DOE to lead the federal effort to double US renewable energy generating capacity by 2012 excluding conventional hydropower. The agency will assist in the development and deployment of advanced battery manufacturing capacity to support 500,000 plug-in hybrid electric vehicles a year by 2015.

The $4.7 billion in clean energy technology investments includes: *Nearly $2.4 billion, an increase of $113 million, for energy efficiency and renewable energy programs including $302m for solar energy, $220m for biofuels and biomass R&D, $325m for advanced vehicle technologies and $231m for energy efficient building technologies.




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