{"id":22814,"date":"2022-07-01T15:54:37","date_gmt":"2022-07-01T14:54:37","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=22814"},"modified":"2024-01-19T15:44:13","modified_gmt":"2024-01-19T15:44:13","slug":"modernising-us-hydropower-facilities-630m-funding-boost","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/modernising-us-hydropower-facilities-630m-funding-boost\/22814\/","title":{"rendered":"Modernising US hydropower facilities with $630m funding boost"},"content":{"rendered":"

The Biden Administration has announced funding worth $630m to modernise the United States\u2019 hydropower facilities.<\/h2>\n

This week, the U.S. Department of Energy (DOE) has released a request for information (RFI) calling for the public\u2019s feedback to advise the Bipartisan Infrastructure Law\u2019s $630m investment in hydropower facilities.<\/p>\n

President Biden\u2019s Bipartisan Infrastructure Law invests in the \u2018Maintaining and Enhancing Hydroelectricity Incentives<\/a>\u2019 and \u2018Hydroelectric Efficiency Improvement Incentives<\/a>\u2019 programmes to transform the nation\u2019s hydropower facilities and generate cleaner and more affordable power.<\/p>\n

Investing in hydropower facilities<\/h3>\n

This investment will cover capital improvement projects and will ensure that hydropower facilities are more durable and energy-efficient. Water is a vital component for the generation of clean, carbon-free electricity; it is also integral to attaining the Biden Administration\u2019s target of reaching a net zero emissions economy by 2050.<\/p>\n

\u201cWater is one of humankind\u2019s oldest methods of generating energy, and with technological advancements, we can harness this renewable power as a core driver for the nation\u2019s clean energy transition,\u201d explained US Secretary of Energy Jennifer M. Granholm. \u201cThe investments from President Biden\u2019s Bipartisan Infrastructure Law recognise that hydroelectricity is essential to strengthening the power grid and providing reliable, clean, and affordable energy for our communities as we transition to a net zero economy.\u201d<\/p>\n

At present, hydropower facilities \u2013 which utilise the flow of moving water to produce electricity \u2013supply 6% of all electricity in the US and account for 32% of renewable electricity generation. As well as this, hydropower offers a much required solution to energy storage<\/a> challenges, currently accounting for 93% of all utility-scale energy storage, which guarantees that power is accessible when consumers require it. However, numerous hydropower facilities are in desperate need of renovation in order to become more efficient or better integrated with other renewable energy sources.<\/p>\n

Grid Deployment Office incentive programmes<\/h3>\n

The Maintaining and Enhancing Hydroelectricity Incentives programme, which is managed by DOE\u2019s Grid Deployment Office (GDO), provides $553.6m in payments to encourage and augment current hydropower facilities. This is augmented through capital improvements, which are directly connected to three main areas: grid resiliency, dam safety, and environmental improvements.<\/p>\n

The Hydroelectric Efficiency Improvement Incentives programme, which is also managed by GDO, provides a $75m in incentive payments to owners or operators of existing hydroelectric facilities who are eligible for funding. This is intended to encourage capital improvements that can increase efficiency by at least 3%.<\/p>\n

This latest RFI seeks feedback from a variety of stakeholders, including industry, clean-energy advocates, and officials in areas that generate hydroelectricity. Feedback will be gathered on the structure of these programmes, timing and distribution of funds, definitions of capital improvements, and selection criteria.<\/p>\n

Feedback must be received by 11:59 p.m. EDT on 6 September 2022 and can be sent to WPTORFI@ee.doe.gov.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Biden Administration has announced funding worth $630m to modernise the United States\u2019 hydropower facilities. This week, the U.S. Department of Energy (DOE) has released a request for information (RFI) calling for the public\u2019s feedback to advise the Bipartisan Infrastructure Law\u2019s $630m investment in hydropower facilities. President Biden\u2019s Bipartisan Infrastructure Law invests in the \u2018Maintaining […]<\/p>\n","protected":false},"author":13,"featured_media":22817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24204],"tags":[24134,674,24555,628],"acf":[],"yoast_head":"\nModernising US hydropower facilities with $630m funding boost<\/title>\n<meta name=\"description\" content=\"The Biden Administration has announced funding worth $630m to modernise the United States\u2019 hydropower facilities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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