This is an excerpt from EERE Network News, a weekly electronic newsletter.
DOE Budget Proposal Boosts Hydrogen Fuel Initiative Funding
When the White House and Secretary of Energy Spencer Abraham unveiled DOE's proposed budget for fiscal year (FY) 2005 on February 2nd, both placed special emphasis on the President's Hydrogen Fuel Initiative. President Bush first announced the initiative during last year's State of the Union Address. The 2005 proposed budget includes $228 million for the initiative, an increase of about $69 million, or 43 percent, above 2004 funding. See the White House's summary of the proposed DOE budget.
Hydrogen holds the promise of an ultra-clean and secure energy option for America's future, and DOE will be at the forefront of implementing the President's Hydrogen Fuel Initiative in 2005. DOE's proposed FY 2005 budget for the initiative includes $173 million for the Office of Energy Efficiency and Renewable Energy (EERE); $9 million for the Office of Nuclear Energy, Science and Technology; $16 million for the Office of Fossil Energy; and $29 million for the Office of Science. The proposed FY 2005 budget also includes $0.8 million for the U.S. Department of Transportation (DOT). This combined effort of four DOE offices and the DOT will support the continued development of technologies for clean hydrogen production and commercially viable hydrogen-powered fuel cells that power cars, trucks, homes, and businesses without the harmful effects of pollution or greenhouse gases. See the DOE press release.