139 words/14 April 2010/States News Service/SNS(c) 2010 States News Service
The following information was released by the U.S. Department of Energy:Statement of Department of Energy Press Secretary Stephanie Mueller about Yucca Mountain
"We are confident that we have the legal authority to withdraw the application for the Yucca Mountain repository. However, the parties need some time to prepare and the Court needs time to consider the issues. We are proposing to halt temporarily any actions to shut down Yucca Mountain simply to provide that time. As the Secretary has said consistently, Yucca Mountain is not an option and he looks forward to receiving the recommendations of the Blue Ribbon Commission for the long term management of our spent nuclear fuel and nuclear waste."
CRESP Newstories and Links related to risk-based cleanup of the nation’s nuclear weapons production facility waste sites and cost-effective, risk-based management of potential future nuclear sites and wastes. CRESP seeks to improve the scientific and technical basis for environmental management decisions by the Department of Energy (DOE) and by fostering public participation in that search.
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Showing posts with label Chu. Show all posts
Showing posts with label Chu. Show all posts
Monday, April 19, 2010
Government waste on nuclear waste
Jack Spencer and Nicolas Loris, SPECIAL TO THE WASHINGTON TIMES 824 wordsThe Washington TimesWATI02English© 2010 Washington Times Library. Provided by ProQuest Information and Learning. All rights reserved. 8 April 2010
A waste of taxpayer dollars. That's what those who oppose using Yucca Mountain as a nuclear materials repository say.They point to the roughly $10 billion that already has been spent on Yucca, which they say was doomed to fail from the start. Recognizing this, so the argument goes, President Obama is demanding that the Nuclear Regulatory Commission (NRC) cease its work on the Yucca project - killing it for good.
Seems reasonable. No sense wasting more money on a project with no future. Look closer, though, and it becomes clear that closing Yucca Mountain is the real waste. The real story here is about government ineptitude, not wasteful spending.
A waste of taxpayer dollars. That's what those who oppose using Yucca Mountain as a nuclear materials repository say.They point to the roughly $10 billion that already has been spent on Yucca, which they say was doomed to fail from the start. Recognizing this, so the argument goes, President Obama is demanding that the Nuclear Regulatory Commission (NRC) cease its work on the Yucca project - killing it for good.
Seems reasonable. No sense wasting more money on a project with no future. Look closer, though, and it becomes clear that closing Yucca Mountain is the real waste. The real story here is about government ineptitude, not wasteful spending.
DOE plan to use FY-10 funds to begin Yucca shutdown challenged
Elaine Hiruo and Derek Sands, Washington 437 words5 April 2010Nuclear FuelNUF14, Volume 35, Issue 7English(c) 2010 McGraw-Hill, Inc.
DOE's plan to reprogram $115 million in fiscal 2010 funds to begin the close-out of the Yucca Mountain repository this year wasn't well received by the top Republican on a House Appropriations subcommittee March 24.
Representative Rodney Frelinghuysen of New Jersey, the senior Republican on the panel's energy and water subcommittee, criticized DOE's action during a hearing on DOE's FY-11 budget request. "What is your authority for doing it?" Frelinghuysen asked Energy Secretary Steven Chu.
The money was part of the $197 million allocation the Yucca Mountain program this fiscal year to continue activities associated with NRC's licensing review of DOE's repository license application. The FY-10 appropriations bill report for energy and water funding states that a DOE reprogramming request must be submitted to House and Senate appropriators and approved before any funds are shifted to different programs or activities.
"You are using fiscal 2010 funds to restructure the Office of Civilian Radioactive Waste Management," Frelinghuysen said. "I think we need some clarity. I know that determination has been made, but quite honestly, I don't think you have the statutory authority to do it."
Chu told the subcommittee that DOE's general counsel had advised him that he could take such action. Chu repeated that assertion in a March 26 letter to subcommittee chairman Peter Visclosky, an Indian Democrat. "My general counsel has studied this matter very closely, and has advised me that we do have the authority within the law to take the reprogramming actions that we have planned," Chu said. "As you know, the Department of Energy sent you a letter on February 17, notifying you of our intent to reprogram funding for FY 2010 for the Office of Civilian and Radioactive Waste Management."
Chu also said in the letter that he does not believe money should be spent on a licensing process that has been suspended, especially in light of the Obama administration's intent to pursue alternatives to a Yucca Mountain repository. "We need to begin actions now to ensure that the shutdown occurs in an orderly fashion that takes into account the impacts on our employees and their families," Chu wrote. He said the department is trying to help affected employees find other jobs within the government for which they are qualified. He added that "an integral part of our plan is to proceed in a manner that preserves all relevant documents and all relevant learning so that no scientific knowledge is lost."
Document NUF0000020100419e6450000i
DOE's plan to reprogram $115 million in fiscal 2010 funds to begin the close-out of the Yucca Mountain repository this year wasn't well received by the top Republican on a House Appropriations subcommittee March 24.
Representative Rodney Frelinghuysen of New Jersey, the senior Republican on the panel's energy and water subcommittee, criticized DOE's action during a hearing on DOE's FY-11 budget request. "What is your authority for doing it?" Frelinghuysen asked Energy Secretary Steven Chu.
The money was part of the $197 million allocation the Yucca Mountain program this fiscal year to continue activities associated with NRC's licensing review of DOE's repository license application. The FY-10 appropriations bill report for energy and water funding states that a DOE reprogramming request must be submitted to House and Senate appropriators and approved before any funds are shifted to different programs or activities.
"You are using fiscal 2010 funds to restructure the Office of Civilian Radioactive Waste Management," Frelinghuysen said. "I think we need some clarity. I know that determination has been made, but quite honestly, I don't think you have the statutory authority to do it."
Chu told the subcommittee that DOE's general counsel had advised him that he could take such action. Chu repeated that assertion in a March 26 letter to subcommittee chairman Peter Visclosky, an Indian Democrat. "My general counsel has studied this matter very closely, and has advised me that we do have the authority within the law to take the reprogramming actions that we have planned," Chu said. "As you know, the Department of Energy sent you a letter on February 17, notifying you of our intent to reprogram funding for FY 2010 for the Office of Civilian and Radioactive Waste Management."
Chu also said in the letter that he does not believe money should be spent on a licensing process that has been suspended, especially in light of the Obama administration's intent to pursue alternatives to a Yucca Mountain repository. "We need to begin actions now to ensure that the shutdown occurs in an orderly fashion that takes into account the impacts on our employees and their families," Chu wrote. He said the department is trying to help affected employees find other jobs within the government for which they are qualified. He added that "an integral part of our plan is to proceed in a manner that preserves all relevant documents and all relevant learning so that no scientific knowledge is lost."
Document NUF0000020100419e6450000i
Blue ribbon panel might consider lessons learned from Yucca project
Elaine Hiruo, Washington /908 words/5 April 2010/Nuclear Fuel///NUF/13/Volume 35, Issue 7/English/
(c) 2010 McGraw-Hill, Inc.
/
The blue ribbon commission on nuclear waste might be willing to consider lessons learned from the process used by the Yucca Mountain repository project in Nevada, but it will not look at decisions about the site itself, co-chairmen Lee Hamilton and Brent Scowcroft said March 26 after the panel's first two-day meeting ended./
The 15-member commission was established by President Barack Obama's administration to conduct a comprehensive review of waste management alternatives to a Yucca Mountain repository and to make recommendations for a new national policy for managing utility spent nuclear fuel and other radioactive waste.
The charter of the Blue Ribbon Commission on America's Nuclear Future is broad, but it doesn't require the commission to recommend specific sites, Scowcroft told reporters after the commission meeting. But Hamilton said there is value in learning from past experiences.
"This is an independent commission," Hamilton said, "and we will draw our own conclusions, develop our own alternatives, make our own recommendations."
Hamilton's comment came a day after Energy Secretary Steven Chu, in his opening remarks to the commission, said the panel should keep its focus on the future and not spend time looking at the past and at the now-scuttled Yucca Mountain project.
Chu called for a broad, integrated review of factors early in the fuel cycle, such as advanced reactor technologies, saying they could affect the waste stream at the back end of the fuel cycle. "One really cannot predict what technologies will be available 50 to 150 years from now," Chu said. But, he added, the commission should review all possible ways to reduce the volume of nuclear waste slated for disposal. The task before the panel, according to Hamilton, is "daunting."
The administration intends to scrap the country's existing policy on nuclear waste that would have required utility spent fuel and DOE highly radioactive defense waste to be disposed of in a repository at Yucca Mountain, some 95 miles outside Las Vegas. DOE filed a motion with an NRC Atomic Safety and Licensing Board on March 3 to withdraw its Yucca Mountain repository license application with prejudice, a move that if approved could prevent the department from ever resubmitting that application to NRC. That action comes after DOE has spent more than two decades and $10 billion on work associated with a Yucca Mountain repository. It also comes nearly two years after DOE rushed to submit a repository license application to NRC and to move the program forward.
It could be June, however, before the ASLB takes up the DOE motion to withdraw the application. The licensing board has said that it will deal first with the petitions filed with the board seeking intervenor status in the licensing proceeding before considering the DOE motion.
Chu told the panel to review an assortment of waste streams, including low-level waste and highly radioactive defense waste, both of which are on DOE nuclear defense sites around the country. Chu asked that the commission make recommendations on how the department can effectively and efficiently meet its obligations to manage and cleanup this waste.
But he also told the panel it will review the Nuclear Waste Fund, a federal trust fund that now contains $21 billion in ratepayer payments and interest. Congress established the fund in 1982 to bankroll the DOE civilian nuclear waste program. Based on a 1 mill, or one-tenth of a cent, fee charged nuclear utility customers for every kilowatt-hour of nuclear-generated electricity sold, waste fee collections currently total more than $770 million a year.
Chu has said the department will continue collecting the waste fee during the development of a new national policy on radioactive waste, noting that money will be needed to implement the commission's recommendations.
Under its charter, the commission is to submit its final report and recommendations to Chu within 24 months. "We would like to finish before the two years expire, but we don't know at this time if we can make it," Hamilton told reporters.
The commission must now develop a work plan that will map out what it will evaluate and how it will do that. Commission member Richard Meserve suggested subcommittees be established and staffed to help the commission gather and digest information. Spent fuel reprocessing, long-term storage, and disposal could be the focus of three separate subcommittees, he said. The number of subcommittees will not necessarily be limited to three.
Others suggestions offered by subcommittee members included having an energy economist on staff and making use of the expertise of the Nuclear Waste Technical Review Board, an independent panel Congress established to provide technical oversight to the DOE civilian nuclear waste program.
During the public comment period March 26, Jack Spencer, a nuclear energy research fellow at the Heritage Foundation, urged the commission to put the Yucca Mountain project back in play, saying the panel should use this time to "recalibrate" DOE's approach.
Nevada, which has fought the Yucca Mountain project for decades, should have more control over the project, Spencer said. He also said that the repository program "has to be rooted in the market place" to be successful. More control should be placed in the hands of the companies that produce the waste, he said. That, according to Spencer, should "highly incentivize" them to find a solution.
Document NUF0000020100419e6450000h
(c) 2010 McGraw-Hill, Inc.
/
The blue ribbon commission on nuclear waste might be willing to consider lessons learned from the process used by the Yucca Mountain repository project in Nevada, but it will not look at decisions about the site itself, co-chairmen Lee Hamilton and Brent Scowcroft said March 26 after the panel's first two-day meeting ended./
The 15-member commission was established by President Barack Obama's administration to conduct a comprehensive review of waste management alternatives to a Yucca Mountain repository and to make recommendations for a new national policy for managing utility spent nuclear fuel and other radioactive waste.
The charter of the Blue Ribbon Commission on America's Nuclear Future is broad, but it doesn't require the commission to recommend specific sites, Scowcroft told reporters after the commission meeting. But Hamilton said there is value in learning from past experiences.
"This is an independent commission," Hamilton said, "and we will draw our own conclusions, develop our own alternatives, make our own recommendations."
Hamilton's comment came a day after Energy Secretary Steven Chu, in his opening remarks to the commission, said the panel should keep its focus on the future and not spend time looking at the past and at the now-scuttled Yucca Mountain project.
Chu called for a broad, integrated review of factors early in the fuel cycle, such as advanced reactor technologies, saying they could affect the waste stream at the back end of the fuel cycle. "One really cannot predict what technologies will be available 50 to 150 years from now," Chu said. But, he added, the commission should review all possible ways to reduce the volume of nuclear waste slated for disposal. The task before the panel, according to Hamilton, is "daunting."
The administration intends to scrap the country's existing policy on nuclear waste that would have required utility spent fuel and DOE highly radioactive defense waste to be disposed of in a repository at Yucca Mountain, some 95 miles outside Las Vegas. DOE filed a motion with an NRC Atomic Safety and Licensing Board on March 3 to withdraw its Yucca Mountain repository license application with prejudice, a move that if approved could prevent the department from ever resubmitting that application to NRC. That action comes after DOE has spent more than two decades and $10 billion on work associated with a Yucca Mountain repository. It also comes nearly two years after DOE rushed to submit a repository license application to NRC and to move the program forward.
It could be June, however, before the ASLB takes up the DOE motion to withdraw the application. The licensing board has said that it will deal first with the petitions filed with the board seeking intervenor status in the licensing proceeding before considering the DOE motion.
Chu told the panel to review an assortment of waste streams, including low-level waste and highly radioactive defense waste, both of which are on DOE nuclear defense sites around the country. Chu asked that the commission make recommendations on how the department can effectively and efficiently meet its obligations to manage and cleanup this waste.
But he also told the panel it will review the Nuclear Waste Fund, a federal trust fund that now contains $21 billion in ratepayer payments and interest. Congress established the fund in 1982 to bankroll the DOE civilian nuclear waste program. Based on a 1 mill, or one-tenth of a cent, fee charged nuclear utility customers for every kilowatt-hour of nuclear-generated electricity sold, waste fee collections currently total more than $770 million a year.
Chu has said the department will continue collecting the waste fee during the development of a new national policy on radioactive waste, noting that money will be needed to implement the commission's recommendations.
Under its charter, the commission is to submit its final report and recommendations to Chu within 24 months. "We would like to finish before the two years expire, but we don't know at this time if we can make it," Hamilton told reporters.
The commission must now develop a work plan that will map out what it will evaluate and how it will do that. Commission member Richard Meserve suggested subcommittees be established and staffed to help the commission gather and digest information. Spent fuel reprocessing, long-term storage, and disposal could be the focus of three separate subcommittees, he said. The number of subcommittees will not necessarily be limited to three.
Others suggestions offered by subcommittee members included having an energy economist on staff and making use of the expertise of the Nuclear Waste Technical Review Board, an independent panel Congress established to provide technical oversight to the DOE civilian nuclear waste program.
During the public comment period March 26, Jack Spencer, a nuclear energy research fellow at the Heritage Foundation, urged the commission to put the Yucca Mountain project back in play, saying the panel should use this time to "recalibrate" DOE's approach.
Nevada, which has fought the Yucca Mountain project for decades, should have more control over the project, Spencer said. He also said that the repository program "has to be rooted in the market place" to be successful. More control should be placed in the hands of the companies that produce the waste, he said. That, according to Spencer, should "highly incentivize" them to find a solution.
Document NUF0000020100419e6450000h
NUCLEAR WASTE; State regulators sue DOE over repository fees
Katherine Ling, E&E reporter //573 words/5 April 2010GreenwireGRWREnglish© 2010 E&E Publishing, LLC. All Rights Reserved
The nation's state utility regulators are taking legal action against the Energy Department to stop the government from collecting fees to manage spent nuclear fuel.
The National Association of Regulatory Utility Commissioners filed a lawsuit Friday in the U.S. Circuit Court of Appeals for the District of Columbia seeking to overturn DOE's decision in October not to suspend payments into the Nuclear Waste Fund.
NARUC asked DOE last July to suspend the one-tenth-cent-per-kilowatt-hour fee paid by customers of nuclear-powered electricity because the Obama administration planned to cancel the waste repository at Yucca Mountain, Nev., and establish a "blue ribbon" commission to consider alternative waste disposal options.
"There is no clearly defined program for disposal of spent nuclear fuel and high-level radioactive waste. Therefore, there is no basis to assess the adequacy of fees that continue to be paid into the Nuclear Waste Fund," the NARUC letter said. "If we are going to pause to reconsider disposal options, we feel it is also appropriate to pause the fee payments."
The nation's state utility regulators are taking legal action against the Energy Department to stop the government from collecting fees to manage spent nuclear fuel.
The National Association of Regulatory Utility Commissioners filed a lawsuit Friday in the U.S. Circuit Court of Appeals for the District of Columbia seeking to overturn DOE's decision in October not to suspend payments into the Nuclear Waste Fund.
NARUC asked DOE last July to suspend the one-tenth-cent-per-kilowatt-hour fee paid by customers of nuclear-powered electricity because the Obama administration planned to cancel the waste repository at Yucca Mountain, Nev., and establish a "blue ribbon" commission to consider alternative waste disposal options.
"There is no clearly defined program for disposal of spent nuclear fuel and high-level radioactive waste. Therefore, there is no basis to assess the adequacy of fees that continue to be paid into the Nuclear Waste Fund," the NARUC letter said. "If we are going to pause to reconsider disposal options, we feel it is also appropriate to pause the fee payments."
Tuesday, February 16, 2010
HEARING OF THE SENATE ENERGY AND NATURAL RESOURCES COMMITTEE
(c) 2010 Federal News Service, Inc. All Rights Reserved.
SEN. BINGAMAN: All right, good morning everyone. The purpose of today's hearing is to receive testimony on the fiscal year 2011 Department of Energy budget. We want to thank Secretary Chu for testifying today on the department's 2011 budget. And I compliment him and his staff for their timely and thorough budget. That has been a tradition in the Department of Energy and very much carried forward this year.
Given our stark fiscal climate, I appreciate the president's commitment to the continued development of clean energy programs that will help the United States be competitive in the world economy. The department continues to support renewables and conservation as well as electricity delivery and transmission.
SEN. BINGAMAN: All right, good morning everyone. The purpose of today's hearing is to receive testimony on the fiscal year 2011 Department of Energy budget. We want to thank Secretary Chu for testifying today on the department's 2011 budget. And I compliment him and his staff for their timely and thorough budget. That has been a tradition in the Department of Energy and very much carried forward this year.
Given our stark fiscal climate, I appreciate the president's commitment to the continued development of clean energy programs that will help the United States be competitive in the world economy. The department continues to support renewables and conservation as well as electricity delivery and transmission.
Chu defends US DOE budget request against Republican questioning
603 words/4 February 2010/Platts Commodity News/PLATT//Copyright 2010. Platts. All Rights Reserved./Washington (Platts)--4Feb2010/259 pm EST/1959 GMT
US Energy Secretary Steven Chu faced a barrage of questions Thursday from Republicans over the Obama administration's proposed withdrawal of the Yucca Mountain license application, reduction of funding for fossil fuel programs and slow pace of issuing nuclear loan guarantees.
In a hearing of the Senate Energy and Natural Resources Committee on the US Department of Energy's $28.4 billion fiscal 2011 budget request, Republicans also criticized the administration for seeking an almost $2 billion increase for DOE over last year's budget, when it has already received nearly $37 billion in stimulus funds and could get even more in a pending "jobs" bill.
Senator Lisa Murkowski of Alaska, ranking Republican on the committee, noted that DOE has spent just $2.1 billion of its stimulus funds so far.
"DOE had authority to spend a total of $63 billion last year, but did not come close to that level," she said.
Chu acknowledged that he is "disappointed" in the amount of money that DOE has spent so far, but he said many of the funds have been obligated to states and local governments--for weatherization programs, for instance--and those administrations do not always have the expertise to move funds quickly."We are sending people out to the states to help them," Chu said.
US Energy Secretary Steven Chu faced a barrage of questions Thursday from Republicans over the Obama administration's proposed withdrawal of the Yucca Mountain license application, reduction of funding for fossil fuel programs and slow pace of issuing nuclear loan guarantees.
In a hearing of the Senate Energy and Natural Resources Committee on the US Department of Energy's $28.4 billion fiscal 2011 budget request, Republicans also criticized the administration for seeking an almost $2 billion increase for DOE over last year's budget, when it has already received nearly $37 billion in stimulus funds and could get even more in a pending "jobs" bill.
Senator Lisa Murkowski of Alaska, ranking Republican on the committee, noted that DOE has spent just $2.1 billion of its stimulus funds so far.
"DOE had authority to spend a total of $63 billion last year, but did not come close to that level," she said.
Chu acknowledged that he is "disappointed" in the amount of money that DOE has spent so far, but he said many of the funds have been obligated to states and local governments--for weatherization programs, for instance--and those administrations do not always have the expertise to move funds quickly."We are sending people out to the states to help them," Chu said.
Thursday, November 19, 2009
Secretary Chu Announces Determination of No Adverse Material Impact for Uranium Transfer to Fund Portsmouth Cleanup
357 words/12 November 2009/Department of Energy Documents/DOEDOC/English/© 2009 Federal Information & News Dispatch, Inc. /Public Affairs Department/(202) 586-4940 ... Thursday, November 12, 2009
WASHINGTON, D.C. - Secretary Chu announced today that the Department of Energy has issued a final determination and market impact study for the proposed uranium transfer to fund accelerated cleanup activities at the Portsmouth Site in Piketon, Ohio, which will create between 800 to 1,000 new jobs for the community. The market review and determination confirms that the proposed transfer of uranium will not have an adverse material impact on the domestic uranium industries.
Under the determination, DOE's Office of Environmental Management will be able to transfer as much as 300 metric tons of uranium per quarter in calendar years 2009 and 2010 for cleanup at the Portsmouth Gaseous Diffusion Plant, so long as the total transfer during that period does not exceed 1,125 metric tons of uranium. The uranium transfers will be consistent with the policies reflected in the Department's Excess Uranium Management Plan and will comply with all applicable laws to ensure minimal impact on the domestic uranium market. The Department believes that the proposed uranium transfer would raise $150-$200 million per year.
WASHINGTON, D.C. - Secretary Chu announced today that the Department of Energy has issued a final determination and market impact study for the proposed uranium transfer to fund accelerated cleanup activities at the Portsmouth Site in Piketon, Ohio, which will create between 800 to 1,000 new jobs for the community. The market review and determination confirms that the proposed transfer of uranium will not have an adverse material impact on the domestic uranium industries.
Under the determination, DOE's Office of Environmental Management will be able to transfer as much as 300 metric tons of uranium per quarter in calendar years 2009 and 2010 for cleanup at the Portsmouth Gaseous Diffusion Plant, so long as the total transfer during that period does not exceed 1,125 metric tons of uranium. The uranium transfers will be consistent with the policies reflected in the Department's Excess Uranium Management Plan and will comply with all applicable laws to ensure minimal impact on the domestic uranium market. The Department believes that the proposed uranium transfer would raise $150-$200 million per year.
Wednesday, November 4, 2009
Updated: Secretary Chu Announcement of $151 Million in ARPA-E Grants
Updated: Secretary Chu Announcement of $151 Million in ARPA-E Grants
26 October 2009, Department of Energy Documents/ © 2009 Federal Information & News Dispatch, Inc./ Public Affairs Department/ FOR IMMEDIATE RELEASE:
Secretary Chu Announcement of $151 Million in ARPA-E Grants
(San Francisco, Calif.) - Today, Secretary Chu announced the first $151 million in grant funding through the Advanced Research Projects Agency - Energy. Secretary Chu made the announcement at the headquarters of Google Inc. in Mountain View, California. Below are his remarks:
Sometimes a great idea can change the world.
The transistor made possible modern computers, the internet, and Silicon Valley. The hybrid strains of wheat and the Green Revolution helped us feed a growing planet. Linking our computers together through the Internet unleashed an Information Age - in no small part because of the great ideas that have come out of Google.
We are here today because this place reminds us that, occasionally, radical innovation can alter the landscape of an entire industry. And we're here to announce a portfolio of bold new research projects, any one of which could do for energy what Google did for the Internet.
I'm pleased to announce the first $151 million in funding through the Advanced Research Projects Agency for Energy. ARPA-E was funded for the first time in the American Recovery and Reinvestment Act to pursue truly transformational solutions to the energy problem.
26 October 2009, Department of Energy Documents/ © 2009 Federal Information & News Dispatch, Inc./ Public Affairs Department/ FOR IMMEDIATE RELEASE:
Secretary Chu Announcement of $151 Million in ARPA-E Grants
(San Francisco, Calif.) - Today, Secretary Chu announced the first $151 million in grant funding through the Advanced Research Projects Agency - Energy. Secretary Chu made the announcement at the headquarters of Google Inc. in Mountain View, California. Below are his remarks:
Sometimes a great idea can change the world.
The transistor made possible modern computers, the internet, and Silicon Valley. The hybrid strains of wheat and the Green Revolution helped us feed a growing planet. Linking our computers together through the Internet unleashed an Information Age - in no small part because of the great ideas that have come out of Google.
We are here today because this place reminds us that, occasionally, radical innovation can alter the landscape of an entire industry. And we're here to announce a portfolio of bold new research projects, any one of which could do for energy what Google did for the Internet.
I'm pleased to announce the first $151 million in funding through the Advanced Research Projects Agency for Energy. ARPA-E was funded for the first time in the American Recovery and Reinvestment Act to pursue truly transformational solutions to the energy problem.
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