President Biden Releases FY 2023 Budget Request

On March 28th, President Biden released his budget priorities for the federal fiscal year (FY) beginning October 1, 2022. The Department of Energy’s FY 2023 budget supports investments in research, development, demonstration, and deployment, which are central to enabling achievement of the Administration’s climate goals of a 50- to 52-percent reduction from 2005 levels in economy-wide net greenhouse gas pollution in 2030 and zero emissions economy-wide by no later than 2050.
 
To support U.S. preeminence in developing innovative technologies that accelerate the transition to a clean energy economy, the budget invests $9.2 billion in DOE clean energy research, development, and demonstration, an increase of more than 33 percent from the 2021 enacted level. These investments strengthen clean energy-enabling transmission and distribution systems, decarbonize transportation, advance carbon management technologies, improve energy efficiency in industry and buildings, and secure the availability of high-assay low-enriched uranium.
 
The budget also requests $700 million for the Advanced Research and Projects Agency-Energy (ARPA-E) and $7.8 billion for the Office of Science to high-risk, high-reward research and to support cutting-edge research at the national laboratories and universities.
 
For additional summary budget details, visit: https://www.whitehouse.gov/wp-content/uploads/2022/03/budget_fy2023.pdf