1. Most Discussed
  2. Gainers & Losers
SLX 22.5¢

DOE 2016 Budget

  1. rossart

    762 Posts.
    9
    DEPARTMENT OF ENERGY
    The President's 2016 Budget is designed to bring middle class economics into the 21st Century.
    This Budget shows what we can do if we invest in America's future and commit to an economy
    that rewards hard work, generates rising incomes, and allows everyone to share in the prosperity
    of a growing America. It lays out a strategy to strengthen our middle class and help America's
    hard-working families get ahead in a time of relentless economic and technological change. And
    it makes the critical investments needed to accelerate and sustain economic growth in the long
    run, including in research, education, training, and infrastructure.
    These proposals will help working families feel more secure with paychecks that go further, help
    American workers upgrade their skills so they can compete for higher-paying jobs, and help
    create the conditions for our businesses to keep generating good new jobs for our workers to fill,
    while also fulfilling our most basic responsibility to keep Americans safe. We will make these
    investments, and end the harmful spending cuts known as sequestration, by cutting inefficient
    spending and reforming our broken tax code to make sure everyone pays their fair share. We can
    do all this while also putting our Nation on a more sustainable fiscal path. The Budget achieves
    about $1.8 trillion in deficit reduction, primarily from reforms to health programs, our tax code,
    and immigration.
    With the help of the Department of Energy’s
    (DOE) programs, the U.S. has strengthened its
    economy, advanced clean
    energy, and increased energy and nuclear security. At a time when
    America's energy diversity is driving significant job growth across the gas, oil, and renewable
    sectors, as well as reinvigorating our country's manufacturing, the Department is poised to
    co
    ntinue doing its part to accelerate that job growth and realize the full potential of our economic
    competitiveness. The Department leads the nation in the research, development, demonstration,
    and deployment of an extensive range of clean energy and effic
    iency technologies, supporting the President’s Climate Action Plan and an “all of the above” energy strategy.
    And the Department will continue meeting the challenges of cleaning up our Cold War environmental
    legacy and modernizing our nuclear deterrent while securing dangerous nuclear and radiological
    materials around the world. To support this mission, the Budget provides $30 billion in
    discretionary funding for DOE. This funding level will support the President’s goals in the areas
    of nuclear security,
    clean energy, environmental cleanup response, climate change, science and innovation.
    2
    Funding Highlights

    :

    The President’s FY 2016 Budget provides $30 billion to support the
    Department of Energy in the areas of nuclear security, clean energy,
    environmental cleanup, climate change response, science and innovation.
    This includes:
    o
    Supporting a nearly $5 billion all-of-the-above transformational
    research and development portfolio in critical energy technology areas,
    including advanced manufacturing, energy efficiency, solar and other
    renewable energy, grid modernization, nuclear safety, and advanced
    coal and natural gas technologies with integrated carbon capture and
    storage;
    o
    Providing $5.3 billion to support DOE’s role as the backbone for
    America’s research community, especially in the physical sciences, as
    the foundation for discovery and innovation;;
    o
    Continuing to investment in our nuclear security with $12.6 billion for
    the National Nuclear Security Administration to maintain a safe, reliable
    and effective stockpile without testing, modernizing the nuclear security
    infrastructure, reduce the threats of nuclear proliferation and nuclear
    terrorism, and provide a 21
    st century capability for the nuclear Navy;
    o
    Investing $5.8 billion in the Department’s critical nuclear legacy
    cleanup responsibilities to protect human health and the environment;
    and
    o
    Expanding crosscutting initiatives introduced in the President’s FY
    2015 Budget Request to advance key priorities and improve project
    integration while avoiding duplication across programs.
    Reforms

    :

    Supports DOE’s renewed emphasis on management and performance by
    investing in efforts to improve and institutionalize project management, human
    resource delivery and information technology infrastructure.
    3
    Invests in Clean Energy, Science, and Jobs of the Future
    The $10.7 billion for science and energy supports the President’s all-of-the-above energy
    strategy to innovate across a diverse portfolio of energy technologies as we work to enhance
    economic competitiveness and America’s long-term energy security.
    These requests include over $1.2 billion in crosscutting research and development across six Secretarial initiatives focusing
    on electric grid modernization, subsurface science and engineering, supercritical CO
    2 in electric power generation, the water
    -energy nexus, exascale computing, and cybersecurity. Through deliberate and enterprise
    -wide planning and coordination of these research efforts, the crosscutting initiatives will help bolster DOE’s efforts to institutionalize enhanced program management and coordination across program offices, while accelerating progress on key priorities.
    The Budget proposes $2.72 billion for the Office of Energy Efficiency and Renewable Energy to
    build on the Administration’s success in reducing U.S. dependence on fossil fuels, promoting
    energy efficiency, and doubling U.S. renewable electricity generation through investments in a
    diverse suite of sustainable transportation technologies, renewable generation technologies,
    development of manufacturing technologies, and enhanced energy efficiency in our homes,
    buildings and industries. The Budget proposes $560 million for Fossil Energy Research and
    Development to continue work on carbon capture and storage technologies, improve advanced
    energy systems integrated with CCS, and conduct research and development related to reducing
    the environmental impacts and greenhouse gas emission of natural gas technologies. The Budget
    includes $325 million for the Advanced Research Projects Agency–Energy to accelerate
    transformative applied energy research and development. It also proposes $908 million to
    support research and development of nuclear energy technologies, including advanced reactors
    and fuel cycle technologies.
    The Budget includes more than $5.3 billion for the Office of Science in continued support for
    basic science research and supporting infrastructure to keep America competitive. The Budget
    funds research grants and unique scientific facilities in multiple areas of science, including
    physics, biology, climate science and environmental sciences, fusion, computational and
    mathematical sciences, materials science and chemistry. The DOE national laboratory system
    provides unparalleled scientific research facilities for nearly thirty thousand scientists annually.
    It also supports continued oversight of more than $34 billion in loans, loan guarantees, and
    conditional commitments, as well as more than $40 billion in remaining loan and loan guarantee
    authority to finance advanced nuclear energy, advanced fossil energy, renewable energy and
    efficiency, and advanced technology vehicle manufacturing projects.
    4
    Protects Americans from Nuclear Threats
    The $12.6 billion nuclear security budget includes almost $2 billion for Defense Nuclear
    Nonproliferation to continue the critical missions of securing or eliminating nuclear and
    radiological materials worldwide, preventing proliferation of nuclear technologies, and ensuring
    that the United States is ready to respond to nuclear and radiological incidents at home and
    abroad. It provides $8.8 billion to ensure a safe, secure and effective nuclear stockpile. In
    addition to funds to continue the B61, W76, W88 and cruise missile warhead life extension
    programs, the Budget includes support for the ongoing weapons dismantlement program,
    stockpile surveillance, and research and development to maintain the nuclear arsenal without
    conducting nuclear tests.
    The Budget also includes $1.4 billion to support U.S. Navy nuclear propulsion, including
    development of a new reactor for the replacement ballistic missile submarine program, and
    additional funding for a new facility to store spent nuclear fuel from naval reactors.
    Continued Progress on Nuclear Legacy Waste Cleanup
    The Budget includes $5.8 billion to position the Department to meet its responsibilities for the
    cleanup of millions of gallons of liquid radioactive waste, thousands of tons of spent nuclear
    fuel, huge quantities of contaminated soil and water, and decommissioning thousands of excess
    facilities used during development of the nation’s nuclear weapons program. This includes $248
    million to maintain critical progress toward returning the Waste Isolation Pilot Plant to normal
    operations following the fire and radiation leak that shut the facility down in 2014.
    Cuts Wasteful Spending and Improves Efficiency
    The Budget implements the President’s priorities that reflect the application of costs savings
    through program efficiencies and support for six crosscuttin
    g research initiatives that encompass enterprise -wide approaches to achieve more effective outcomes while avoiding duplication
    between program offices.
    The Budget for FY 2015 reflected a substantial reorganization of the Department, establishing
    the Under Secretary for Management and Performance to oversee environmental cleanup
    responsibilities and institutionalize an enterprise-wide focus on improving the efficiency and
    effectiveness of DOE administration and programs. DOE is aggressively pursuing
    implementation of a Secretarial initiative to improve project management across all programs,
    human resources service delivery recommendations to implement a more cost-efficient and
    effective human resources model across DOE, and improvements to the DOE-wide information
    technology infrastructure. The Budget also emphasizes DOE’s leadership role in implementing​
    the Federal agency energy efficiency and sustainability goals that support the Preside

DISCLAIMER:
Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.

Top

Thank you for visiting HotCopper

We have detected that you are running ad blocking software.


HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.