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Industry NewsFebruary 4, 2008Administration DOE EERE Budget Request for FY 2009 is FlatThe proposed federal budget for fiscal year 2009 was recently unveiled and it included a $25 billion request for DOE. Of that DOE budget, $1.255 billion has been requested for the DOE Office of Energy Efficiency and Renewable Energy .This is essentially equal to the President's budget request for FY 2008 but about 18% lower than the actual FY 2008 funding not counting congressionally directed funds. Compared to the FY 2008 appropriations, the proposed budget boosts funding for geothermal energy, for research and development relating to biomass and bio-refinery systems, efficient building technologies, while keeping nearly level funding for the Federal Energy Management Program, vehicle technologies, industrial technologies, and wind energy. The budget reflects shifting priorities, deferring hydrogen production research to focus instead on hydrogen storage and fuel cell technologies needed to develop a practical fuel cell vehicle by 2015. The budget increases funding for state energy programs and proposes $7.5 million in new funding for the Asia Pacific Partnership on Clean Development and Climate. It eliminates funding for Weatherization Assistance Grants and eliminates the Renewable Energy Production Incentive. The proposed DOE budget also includes $3.2 billion for the President's Advanced Energy Initiative and $225 million for the President's Solar America Initiative. The proposed budget includes a request for $19.9 million for the administrative expenses of DOE's new loan guarantee program. While the FY 2007 appropriations act authorized $38.5 billion in loan guarantees, including $10 billion for renewable energy, energy efficiency, and distributed energy generation, DOE was only given two fiscal years to issue the loan guarantees. The FY 09 budget includes a request for an extension of its authorization to issue loans through FY 2010 and FY 2011. |
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