Senate to Include Schatz’s Energy Research Funding Amendment
An amendment to the Energy Policy Modernization Act was approved by the United States Senate in a 55-37 vote.
The amendment was introduced by Senator Brian Schatz, and will authorize increased funding for energy science and technology research. Funding for the Advanced Research Projects Agency-Energy, which is within the Department of Energy, will be boosted through the amendment, which is tasked with funding energy technology projects.
“Innovation in advanced energy technologies can be a significant part of the solution to any number of challenges – climate change, increasing the reliability of our grid, lowering electricity rates, hardening our energy infrastructure against cyber attacks, and many others,” said Senator Schatz. “ARPA-E is helping fund projects at the cutting edge of all of these challenges, and more.”
In addition, the amendment will increase the authorization for ARPA-E above what is currently in the Energy Policy Modernization Act, including $325 million per year for fiscal years 2016-2018 and $375 million per year for fiscal years 2019-2020.
The underlying energy bill authorizes ARPA-E at $291.2 million for fiscal year 2016, $303.6 million for fiscal year 2017, $314.7 million for fiscal year 2018, $327.3 million for fiscal year 2019, and $340.6 million for fiscal year 2020.
Senator Schatz worked with the ARPA-E director to assess the need and utilization for additional funding.
Over 400 potentially transformational energy technology projects have been funded through ARPA-E since 2009.
Senator Schatz spoke on the Senate floor in support of the bipartisan energy bill and his amendment to increase funding for ARPA-E on Thursday.