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Energy Appropriation and Spending Bills in the US Congress |
The House Appropriations Committee approved a series of new funding programs for the Department of Energy that would support RD&D in advanced nuclear, carbon capture, energy storage and other clean energy technologies, including:
Meanwhile, the Senate Energy and Water Development Subcommittee passed a bill that would also increase key Department of Energy (DOE) funding for Fiscal Year 2019. The bill, which passed on a voice vote now proceeds to the full committee for markup, increases funding for the Advanced Research Projects Agency – Energy by $22 million and provide a record-high $2.3 billion for the Office of Energy Efficiency and Renewable Energy - $509 million of which would be earmarked specifically for renewable energy.
The Senate spending bill is very similar to the House Appropriations bill, though the House bill is different because it would slash funding for renewable energy and efficiency programs by $243 million from 2018 levels.
- Fund "moonshot" goals that demonstrate advanced nuclear technologies that reach the private sector by the mid to late 2020s;
- Launch a department-wide energy storage program that establishes aggressive performance targets, reduces costs and improves performance of grid-scale technologies (i.e. a program for storage that is similar to the SunShot Initiative for solar);
- Provide $100 million funding for advanced small modular nuclear reactor RD&D, and $155 million for advanced reactor technologies (with emphasis on NuScale, Terrapower, and X-energy);
- Provide $65 million for a versatile test reactor design for a national lab facility so that it can support the development of advanced nuclear by private developers;
- Provide $20 million for testing of high assay low-enriched uranium (HA-LEU);
- Support scale-up of carbon capture efforts, including new solicitations for advanced fossil fuel system engineering and projects that generate emissions suitable for utilization or storage;
- Fully fund RD&D efforts led by DOE’s Energy Innovation Hubs.
Meanwhile, the Senate Energy and Water Development Subcommittee passed a bill that would also increase key Department of Energy (DOE) funding for Fiscal Year 2019. The bill, which passed on a voice vote now proceeds to the full committee for markup, increases funding for the Advanced Research Projects Agency – Energy by $22 million and provide a record-high $2.3 billion for the Office of Energy Efficiency and Renewable Energy - $509 million of which would be earmarked specifically for renewable energy.
The Senate spending bill is very similar to the House Appropriations bill, though the House bill is different because it would slash funding for renewable energy and efficiency programs by $243 million from 2018 levels.
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AES Editors will watch these bills closely, especially Premium Members of the Society who seek funding and new early-stage investment opportunities in these particular fields. |
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