Wednesday, April 18, 2012

Hydropower Gets a $5 Million Energy Department Opportunity

The Energy Department on April 17 announced that up to $5 million is available this year to assess opportunities to increase power production at up to 40 existing hydropower facilities around the nation. Through this competitive funding opportunity, the Energy Department will work with hydropower professionals to conduct standardized assessments to identify opportunities to increase generation and value at hydropower plants.

As much of America's aging hydropower infrastructure is more than 50 years old, this effort could help accelerate the deployment of upgrades at existing hydropower facilities, creating jobs and increasing the supply of renewable energy to American families and businesses. Conventional hydropower already supplies more than 6% of the nation's electricity. The assessments to be completed through this solicitation are part of the Energy Department's larger Hydropower Advancement Project, which seeks to accelerate the improvement and expansion of U.S. hydropower plants.

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