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DOE Awards $377 Million in Funding

Thu, Aug 6, 2009

Uranium Market News

DOE reports funding for 46 new multi-million-dollar Energy Frontier Research Centers found at universities, national laboratories, nonprofit organizations, and private firms across the nation.

Of the $377 million awarded to the EFRCs, $277 million comes from funding made available through the Recovery Act with the remaining $100 million made from DOE’s FY2009 budget.  The 46 EFRCs are being funded at $2-5 million per year each for a planned initial five-year period and were selected from a pool of applications received in response to a solicitation issued by the U.S. Department of Energy Office of Science in 2008 and announced on April 27, 2009.  Selection of the EFRCs was based on a rigorous merit review process utilizing outside panels composed of scientific experts.  In total, the EFRC initiative represents a planned DOE commitment of $777 million over five year.

 U.S. Energy Secretary Steven Chu says:

“As global energy demand grows, there is an urgent need to reduce our dependence on imported oil and curtail greenhouse gas emissions.” “Meeting the challenge to reduce our dependence on imported oil and curtail greenhouse gas emissions will require significant scientific advances.  These centers will mobilize the enormous talents and skills of our nation’s scientific workforce in pursuit of the breakthroughs that are essential to expand the use of clean and renewable energy.”

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