The U.S. Department of Energy (DOE) recently announced $38 million in incentive payments for 66 #hydropower facilities throughout the United States. Follow the link to find out more about the 66 facilities: https://bit.ly/46GcrqU This funding comes from the BIL and is targeted at facilities located in communities with inadequate electric service, and the payments provide funds for electricity generated and sold, as well as investments in water infrastructure that add or expand hydroelectric generating capabilities. Senator Joe Manchin (D-WV), Chairman of the U.S. Senate Committee on Energy & Natural Resources, announced two West Virginia projects will receive over $2.5 million, commenting, "For generations, West Virginia’s rivers have been a crucial source of clean and reliable hydroelectric energy." Additionally, as part of the funding announcement, DOE and Pacific Northwest National Laboratory released the reimagined Hydropower Vision Roadmap, which lays out the path for U.S. hydro to grow its current 101 GW to nearly 150 GW of combined electricity generating and storage capacity by 2050. Follow the link to learn more about the Hydropower Vision Roadmap: https://bit.ly/3FK1mJL
National Hydropower Association’s Post
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What can $71.5 million do to increase the efficiency of our nation’s hydropower fleet? DOE recently announced the selection of 46 projects to receive incentives that will enhance the deployment of this vital renewable power source. Thirteen of those projects are in the Western region, across Alaska, California, Colorado, Idaho, Oregon, and Washington. With $30.3 million in incentives, these projects aim to: - Upgrade generating units, including replacing and refurbishing turbines and generators - Install automated controls - Increase average hydropower plant efficiency by more than 50% - Bring more than 560 #CleanEnergy jobs into communities Learn more about these facilities and how they plan to continue providing clean, affordable electricity to their communities: https://lnkd.in/evxzjxeS #Hydropower
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The Biden-Harris administration is funding the largest single investment in the nation's hydropower facilities to date. The U.S. Department of Energy (DOE) will provide more than $38 million in incentive payments to 66 hydro facilities across the country for the electricity they generate and sell as part of President Biden's Investing in America agenda. The Hydroelectric Incentives Program, funded by the Bipartisan Infrastructure Law, aims to increase access to affordable, clean electricity by expanding hydroelectric power generation. The plan also includes a roadmap for expanding hydropower capacity to nearly 150 GW by 2050, emphasizing the significant untapped potential in existing dams, technological advancements, market mechanisms, and environmental sustainability to achieve clean energy goals. Hydropower is a key component in achieving the Biden-Harris Administration's clean energy goals and currently accounts for 28.7% of renewable electricity generation in the United States. The Hydroelectric Incentives Program, part of the DOE's efforts, supports the growth of the hydropower industry and expanding access to affordable, clean electricity in the United States. https://lnkd.in/ekkMQC4r #hydropower #renewableenergy #energytransition #odinglobal
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