Instructs the secy. of energy, in implementing the Agreement between the Dept. of Energy of the United States of America and the Ministry of Energy and Infrastructure of Israel Concerning Energy Cooperation, to establish a grant program to support research, development, and commercialization of alternative renewable energy sources.
Authorizes $20 m. annually from 2006 to 2012 for grants to promote the following: (1) solar energy; (2) biomass energy; (3) energy efficiency; (4) wind energy; and (5) fossil energy. Also directs the secretary to establish an advisory board to: (1) monitor how such grants are awarded; and (2) provide periodic performance reviews of actions taken to carry out the grant program.
Related measures: H. R. 2730 of 5/26/05; H. R. 5679 on 6/26/06.