▪The FY 2023 budget request calls for $10.5 billion in clean energy RD&D investment for the Department of Energy, which represents a 25 percent increase over FY 2021 enacted levels and 14 percent over FY 2022 enacted levels.

▪ Along with the appropriations from the Infrastructure Investment and Jobs Act (IIJA), total RD&D investments could be over $19 billion—an unprecedented level that would put the figure on track to reach $25 billion by 2025.

▪ Even so, this elevated level represents just 0.08 percent of U.S. GDP, well below the high-water mark of 0.14 percent in 1978. Had federal investment kept pace with growth in the economy, DOE’s RD&D budget today would be $30 billion.

▪ While the FY 2023 request would raise investments in solar and wind RD&D—and the IIJA provides large increases for hydrogen, carbon management, and vehicle technologies—the buildings, bioenergy, and geothermal fields are lagging.

▪ Continuing along the growth trajectory is vital to accelerate innovation and develop the climate solutions the world needs while strengthening the competitiveness of U.S. technology developers and manufacturers.