After a banner year in 2008 of investments directed to capital-intensive technologies like solar and wind, US venture capitalists backed away from that plan in 2009. So where are they putting their money now? Where the fastest payback is likely to be. New analysis shows a surge of investments in energy efficiency solutions—such as smart grid, and commercial and residential energy management.
While women are more eco aware than men, they are are underrepresented in green jobs. This includes jobs created by the American Recovery and Reinvestment Act. However, there are a growing number of programs that are designed to address these inequities.
The Department of Energy is awarding $47 million to support the development of new technologies and knowhow aimed at improving energy efficiency in the information technology (IT) and communication technology sectors. Energy Secretary Steven Chu announced that 14 projects across the country will share in this award. Information technology and telecommunications are vital and rapidly growing sectors of our overall economy and will become even more central as the smart grid is deployed. As our country increasingly comes to rely on an information economy in sector after sector the underlying physical infrastructure that supports it, such as the data centers, networks, routers and so forth, is expected to continue to rapidly grow.
Robert A. Peck, Commissioner of Public Buildings at the U.S. General Services Association (GSA), presented a keynote presentation at Ecobuild America this week entitled GSA: Green Pioneer – Green Proving Ground. Peck presented his vision for the GSA as a leader in green building technology and discussed how the 5.5 billion dollar appropriation from the American Recovery and Reinvestment Act (ARRA) will impact the GSA’s work.
President Barack Obama proposed a new rebate program on Tuesday to reward homeowners for making their homes more energy efficient, while also proposing additional federal investments in energy efficiency and renewable energy. As part of a speech about jobs and the economy at the Brookings Institution in Washington, D.C., the president noted that home energy retrofits create jobs, save money for families, and reduce the pollution that threatens our environment.
U.S. Energy Secretary Steven Chu today announced more than $18 million in funding from the American Recovery and Reinvestment Act to support small business innovation research, development, and deployment of clean energy technologies. In this first phase of funding, 125 grants of up to $150,000 each will be awarded to 107 small advanced technology firms across the United States.
This country’s 130 million homes together generate more than 20% of the nation’s carbon dioxide greenhouse gas emissions. This is one of the most significant contributing sources in the country to global warming. Existing techniques and technologies in energy efficiency retrofitting can reduce home energy use by up to 40 percent per home on average which would also lower our national greenhouse gas emissions by 160 million metric tons annually by the year 2020. In addition doing so would reduce home energy bills by $21 billion a year and over time these savings would more than pay for the high up-front costs for energy efficiency retrofitting.
U.S. Energy Secretary Steven Chu announced in Washington that the Department of Energy (DOE) will provide up to $750 million in new funding from the American Recovery and Reinvestment Act to help accelerate the development of renewable energy generation projects. This funding will be targeted to cover the cost of loan guarantees for renewable energy projects and could support as much as $4 to 8 billion in lending to eligible projects, and the Department will invite private sector participation to accelerate the financing of these renewable energy projects.
The National Energy Technology Laboratory’s Recovery Act – Local Energy Assurance Planning (LEAP) Initiative is offering grants to city or township governments for programs and initiatives that help them develop energy assurance and resilience plans. The deadline for application is 10/22/09 and awards will be in the range of $60,000 and $300,000.
