“Increasing energy innovation funding is a key component of addressing climate change, supporting US Manufacturing and increasing economic growth. The boost in critical investments in the House Energy and Water Appropriations bill represents a positive step towards making the down payment necessary to decarbonize our economy. We are excited to see strategic investments in technologies like carbon capture utilization and storage and direct air capture of carbon dioxide, which will be necessary technologies if we hope to fully decarbonize by mid-century.
“Critically, this boost in spending will help to support the energy innovation ecosystem in the US. Federal spending on energy innovation by the Department of Energy, through offices like ARPA-E and the Advanced Manufacturing Office, plays an outsized role in stimulating economic growth.
“Supporting energy innovation is clearly a bipartisan priority, and we are looking forward to working with members on both sides of the aisle, in the House and Senate, to continue to support key innovation programs at the Department of Energy.”