A glimpse at President Obama’s recently released 2013-2014 federal budget proposal reveals major steps in funding for energy projects. A sizeable $28.4 billion allocation has been set aside for The Department of Energy discretionary fund, up 8% from last year’s level of funding. This proposed funding initiative has its greatest effect on clean energy, advanced manufacturing, and research and development. Research and development is allocated $2.8 billion, to be administered by the Office of Energy Efficiency and Renewable Energy (EERE). This increase in funding can benefit for-profit companies, nonprofit organizations, local agencies and universities.
Areas receiving increased funding are:
- Development and demonstration of the next generation of advanced vehicles – up 75%
- Next generation of advanced biofuels and biorefineries – up 42%
- Innovative projects to make clean, renewable power, sources more easily integrated – up 29%
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