Obama Announces Over $467M in Recovery Act Funding for Geothermal and Solar Energy Projects

摘要

President obama will invest $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment and use of geothermal and solar energy throughout the United States. The funding represents a substantial down payment that will help the solar and geothermal industries overcome technical barriers, demonstrate new technologies and provide support for clean energy jobs for years to come. The plan supports the Obama Administration's strategy to increase American economic competiveness, while supporting jobs and moving toward a clean energy economy.rnThe Department of Energy (DOE) will provide $117.6 million in Recovery Act funding to accelerate widespread commercialization of clean solar energy technologies across America. These activities will leverage partnerships that include the DOE's national laboratories, universities, local government and the private sector, to strengthen the U.S. solar industry and make it a leader in international markets. $51.5 Million of this will go towards Photovoltaic Technology Development. The DOE will expand investment in advanced photovoltaic concepts and high impact technologies, with the aim of making solar energy cost-competitive with conventional sources of electricity and to strengthen the competitiveness and capabilities of domestic manufacturers.