Wednesday, November 04, 2009

Hydropower Funding, Potential for 60.000 MW by 2025

The following is statement from National Hydropower Association Executive Director Linda Church Ciocci regarding the U.S. Department of Energy's (DOE) announcement today that seven hydropower projects will receive $30.6 million in Recovery Act funding to spur clean-energy investment and job growth.

"NHA applauds Secretary Steven Chu and Under Secretary Kristina Johnson on the commitment DOE is demonstrating to affordable, renewable energy and family-supporting job creation with today’s hydropower project funding announcement. Through public-private investments, DOE is helping to foster opportunities to develop the more than 60,000 megawatts of clean, domestic generating capacity and 700,000 jobs experts believe the U.S. hydropower industry can create by 2025.

"All of the hydropower projects Under Secretary Johnson announced for funding today during her appearance at NHA member Voith Hydro's manufacturing plant in York, Pennsylvania, involve enhancing existing facilities to make them more productive, while improving their environmental footprints. In a report NHA released last month, we identified opportunities to create nearly 9,000 megawatts of new capacity through similar upgrades by 2025.

“We also welcomed Under Secretary Johnson’s comments about DOE’s commitment to doubling hydropower resources, through efforts like this. NHA believes that initiatives like this will propel our industry toward President Obama's goal of building a clean-energy economy that includes hydropower.

"Just as our predecessors helped lift the country out of the Great Depression by creating jobs and building hydroelectric facilities to power new commerce, today's hydropower industry will serve our 21st-century demands for affordable, clean energy, strong environmental performance, and economic benefits from job creation and investment.

"NHA is pleased to congratulate both DOE and the seven hydropower projects for their commitment to this effort. As an industry, we stand ready to support this and other initiatives that will serve Americans now and for generations to come.”

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