Spotlight on Hydrogen and Fuel Cells: National Energy Policy Act of 2005, Grants and R&D Funding

On August 8, 2005, President Bush signed the National Energy Policy Act of 2005, the first comprehensive national energy policy in a decade. The Act’s goals include encouraging energy efficiency and conservation, and promoting alternative and renewable energy sources.

The legislation authorizes more than $4 billion during FY 06-10 for hydrogen and fuel cell R&D, demonstration, grant, and procurement programs. The President had already proposed his FY 06 budget when the Act was signed and the new programs authorized. The President’s FY 07 budget request (due in February) will offer an early indicator of how Washington feels about funding these programs at or near their authorized funding levels. If eligible, start planning now for tapping these funding streams.

Click here to read more »

For more information on any of these Administration initiatives, and how they may affect your organization, please contact us at info@techvision21.com or (202) 263-0168.