Tuesday, February 9, 2016

USA: Obama Proposes Over $500 million to Increase Use and Reduce Costs of Clean Renewable Power

Obama proposes doubling clean energy R&D spending by 2021 (Utility Dive)

(Courtesy The White House)
Making good on a promise made last year to double research and development (R&D) into the clean energy sector, President Obama has announced a sweeping expansion of funding that will see the United States spend almost $13 billion in 2021 on climate studies, renewable research and the development of greener power options.

“These additional resources will dramatically accelerate the availability of the advanced technologies that will define a future global energy mix that is clean, affordable, and reliable,” the White House said in a fact sheet released this week.

Included in the proposal is over $500 million to increase the use and reduce the costs of clean renewable power from solar, wind, water, and geothermal energy and over $177 million to support grid modernization, resiliency, and integration of clean energy into the grid.