13.02.2012: US Secretary of Energy Steven Chu issued a statement outlining President Barack Obama’s $27.2 billion Fiscal Year 2013 budget request for the Department of Energy (DOE). A key goal of the president’s strategy is to reduce the cost of solar energy by 75 percent and make it cost-competitive without subsidies by the end of the decade. According to Chu, the budget would also focus on investing in innovative clean energy technologies and on reducing the country’s dependence on oil by one-third by 2025. The proposed budget allocates $350 million for early-stage clean energy research projects and $60 million for research into energy storage systems. Additionally, $120 million would go toward supporting the Energy Frontier Research Centers, while $140 million would support the DOE’s Energy Innovation Hubs. Both of these maintain ongoing research programs into various energy technologies. However, the majority of the funding would go toward programs and initiatives relating to nuclear energy and the country’s nuclear nonproliferation program. … Source: US Department of Energy; Summary: PHOTON http://www.energy.gov http://energy.gov/articles/chu-president-s-2013-energy-budget-makes-cr
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