- THE MAGAZINE
President Obama recently announced over $467 million from the American Reinvestment and Recovery Act (ARRA) to expand and accelerate the development, deployment, and use of geothermal and solar energy throughout the U.S. 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.
“We have a choice. We can remain the world’s leading importer of oil, or we can become the world’s leading exporter of clean energy,” said Obama. “We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the great opportunity of our time: the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy. That’s the nation I want America to be.”
“We have an ambitious agenda to put millions of people to work by investing in clean energy technology like solar and geothermal energy,” said Energy Secretary Steven Chu. “These technologies represent two pieces of a broad energy portfolio that will help us aggressively fight climate change and renew our position as a global leader in clean energy jobs.”
The 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. In addition, 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.
Work on Concentrating Solar Power Research and Development ($25.6 Million) will focus on improving the reliability of concentrating solar power technologies and enhancing the capabilities of DOE National Laboratories to provide test and evaluation support to the solar industry.
For additional details, visit www.energy.gov/recovery/funding.htm.