Washington, D.C., February 16, 2011 – U.S. Secretary of Energy Steven Chu detailed President Barack Obama’s $29.5 billion fiscal year 2012 budget request for the Department of Energy.
At the same time, the DOE said, the FY 2012 makes tough choices, cutting programs and expenses to underscore the administration’s commitment to fiscal responsibility and shared sacrifice.
“The United States faces a choice today: will we lead in innovation and out-compete the rest of the world or will we fall behind? To lead the world in clean energy, we must act now. We can’t afford not to. Through our investments, we are laying the groundwork for the nation’s future prosperity and security,” said Secretary Chu. “While we are investing in areas that are critical to our future, we are also rooting out programs that aren’t needed and making hard choices to tighten our belt. Additionally, we are improving our management and operations so we function more efficiently and effectively.”
* Puts the nation on the path to reach a goal of generating 80 percent of America’s electricity from clean sources by 2035 as called for by the president.
* Supports basic science, research and innovation to solve energy challenges.
* Leads in the development and deployment of clean and efficient energy technologies to reduce our dependence on oil, accelerate the transition to a clean energy economy and promote economic competitiveness; and
* Strengthens national security by reducing nuclear dangers, maintaining a safe, secure and effective nuclear deterrent and cleaning up our Cold War nuclear legacy.
* Advances responsible environmental management by cleaning up hazardous, radioactive legacy waste from the Manhattan Project and the Cold War.
* Promoting renewable energy and energy efficient projects with $300 million in credit subsidies to support about $3-4 billion in projects.
* $36 billion in loan guarantee authority to help jumpstart the domestic nuclear power industry, as well as additional investments in the research and development of advanced nuclear technologies, including small modular reactors. Combined with existing authority, the additional loan guarantee authority will support 6 to 8 nuclear power projects, which will result in the construction of anywhere from 9 to 13 new reactors.
* To spur innovation, the president’s budget request invests in basic and applied research and keeps us on the path to doubling funding for key science agencies, including the DOE’s Office of Science.
* $5.4 billion for the Office of Science to expand our investment in basic energy sciences, advanced scientific computing and biological and environmental sciences.
* $550 million for the Advanced Research Projects Agency-Energy (ARPA-E) to continue support for the promising early-stage research projects that could deliver game-changing clean energy technologies.
* $146 million to support the three existing Energy Innovation Hubs and to establish three new Hubs in the areas of batteries and energy storage; smart grid technologies and systems; and critical materials. Through the Hubs, we are bringing together our nation’s top scientists and engineers to work over a longer time frame to achieve a specific goal.
* $100 million to continue supporting 46 Energy Frontier Research Centers started in 2009.
* A five-year FY 12 to FY 16 request of nearly $65 billion for the National Nuclear Security Administration reflects the president’s nuclear security priorities, as well as his commitment to modernize the U.S. nuclear weapons enterprise and sustain a strong nuclear deterrent for the duration of the New START Treaty and beyond.
* To support the president’s goal of securing all vulnerable nuclear material around the world in four years, the budget invests $2.5 billion in the NNSA Defense Nuclear Nonproliferation program. This is part of a five-year, $14.2 billion commitment for the program.