The president and CEO of Voith Hydro, Kevin Frank, has announced the company’s strong support for the Hydropower Improvement Act of 2011, legislation that would spur hydro deployment and keep energy prices low.
Voith Hydro is a manufacturer of hydro turbine equipment and owns one of the world’s largest manufacturing facilities.
The legislation was introduced by Senator Lisa Murkowski and is supported by a bipartisan group of original co-sponsors including Energy and Natural Resources Committee chairman Jeff Bingaman.
The Hydropower Improvement Act will speed the deployment of new hydropower projects by streamlining the regulatory process and requiring interagency co-operation. This will be accomplished through the establishment of competitive grants for increased production, and with continued support for cutting-edge research and development.
Frank said, ‘Hydropower provides a clean and safe way to meet our energy goals. Unfortunately, many hurdles remain that have prevented us from improving US hydropower capacity. The Hydropower Improvement Act will help us overcome those challenges and provide good-paying jobs across America.
‘It presents a viable path towards safely harnessing the full potential of hydropower production. Passing this legislation will provide companies like Voith Hydro with the certainty needed to get more hydropower online and create new jobs.’
Hydropower is a reliable, affordable, and sustainable energy resource. It is available in every part of the US and provides about 30 million US households with clean, affordable energy.
However, only three per cent of the country’s 82,000 dams produce energy. Hydropower could add 60,000MW to the nation’s electricity grid, according to a 2009 NHA study.
Secretary of Energy Dr Steven Chu called hydropower ‘one of the best kept secrets’ and ‘astoundingly efficient… it’s an incredible opportunity and it’s actually the lowest cost clean energy option.’
Copyright © 2011 NewNet
You must be logged in to post a comment.