EERE Network News
February 09, 2005
News and Events
President Bush's proposed budget for fiscal year 2006 includes $260 million for the President's Hydrogen Fuel Initiative, an increase of $35 million over 2005 funding levels. Technological advances have reduced the projected high- volume cost for fuel cells by 27 percent in the past two years.
President Bush's proposed federal budget for fiscal year 2006 includes an extended production tax credit for renewable power, an investment credit for businesses installing combined heat and power, and tax credits for buying solar energy systems and hybrid-electric and fuel cell vehicles.
President Bush's proposed federal budget for fiscal year 2006 includes roughly $1.2 billion for the DOE Office of Energy Efficiency and Renewable Energy (EERE).
A new report from the U.S. Department of Interior notes that the department's Bureau of Land Management has processed 200 geothermal lease applications since 2001 and issued more than 60 rights-of-way for wind energy testing and development.
In early February, Lexus released new information about its upcoming hybrid electric sports utility vehicle (SUV), the RX 400h. In city driving, the new vehicle is expected to achieve a 67 percent improvement in fuel economy over the comparable RX 330, while accelerating to 60 mph faster.
As the United Kingdom and China pursue wave and tidal energy demonstration plants, a new report from the Electric Power Research Institute (EPRI) finds that wave power could soon be cost-competitive in the United States. The report concludes that further wave power research is warranted.
Two years ago, DOE's Office of Energy Efficiency and Renewable Energy (EERE) moved its Web site to a new address and left the old "EREN" name behind, but a recent tally found that more than 60,000 links still go to the old EREN Web address.
The latest "Short Term Energy Outlook" from DOE's Energy Information Administration (EIA) projects oil prices remaining above $40 per barrel through the end of 2006. Meanwhile, Shell has once again reduced its estimate of proved oil and gas reserves, this time by 10 percent.