ITIF – Further Energizing Innovation: Assessing the Federal Energy RD&D Budget for FY24 and Beyond

The fiscal year 2024 budget is an opportunity to continue the momentum of U.S. investment in energy innovation. The Investment in Infrastructure and Jobs Act, CHIPS and Science Act, and the Inflation Reduction Act provide for a major expansion of federal investment in technologies and capabilities at the forefront of the clean energy revolution. All told, lawmakers have approved more than $40 billion and authorized more than $35 billion for investments in clean energy research, development, and demonstration (RD&D). Congress and the Biden administration should pursue this opportunity to accelerate energy innovation and improve U.S. manufacturing competitiveness by ensuring the three bills are implemented effectively. Does the president’s budget proposal for fiscal year 2024 align with those considerations, or should lawmakers move in different directions in their final budget?

Please join ITIF for an expert briefing on the Center for Clean Energy Innovation’s latest annual report assessing the federal energy RD&D budget and an expert panel discussion on how the funding aligns with key priorities.


May 30 2023


12:00 PM - 1:00 PM

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Information Technology & Innovation Foundation (ITIF)
Information Technology & Innovation Foundation (ITIF)

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All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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