Monday, June 1, 2009

Federal Cuts Proposed for Research & Development

Washington D.C. - The Obama administration has proposed a 25 percent cut in the research and development budget for wave and tidal power. At the same time the White House sought an 82 percent increase in solar power research funding, a 36 percent increase in wind power funding and a 14 percent increase in geothermal funding. But it looked to cut wave and tidal research funding from $40 million to $30 million.The decision to cut funding came only weeks after the Interior Department suggested that wave power could emerge as the leading offshore energy source in the Northwest and at a time when efforts to develop tidal power in Puget Sound are attracting national and international attention. By some estimates, wave and tidal power could eventually meet 10 percent of the nation's electricity demand, about the same as hydropower currently delivers. To read the full article in the Tacoma News Tribune, please click here.

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