Stimulus Bill Funds Still Not Reaching Cleantech

Stimulus Bill Funds Still Not Reaching Cleantech

The stimulus has had an underwhelming impact on the cleantech sector. Very little of the $36.7b of The American Reinvestment and Recovery Act (ARRA) allocated $36.7b to the Department of Energy (DOE) has gone to cleantech. Nuclear waste cleanup projects and state governments have received most of the money to date. Cleantech funding has been negatively impacted by delays at the state level and states reallocateing funds to address shortfalls in state budgets.

DOE to Invest $3.4 Billion in Smart Grid

President Obama, speaking at Florida Power and Light’s (FPL) DeSoto Next Generation Solar Energy Center, announced the largest single energy grid modernization investment in U.S. history. The newly announced funding is designed to help the nation transition to a smarter, stronger, more efficient and reliable electric system i.e. the Smart Grid, which will provide energy-saving opportunities, increase efficiency, and help grow renewable energy sources like wind and solar.

Geothermal Heat Pumps Get $50M in Recovery Act Funding

Speaking in Fort Wayne, Indiana where he was touring a manufacturer of geothermal heating pumps (GHPs) U.S. Energy Secretary Steven Chu announced nearly $50 million from the American Reinvestment and Recovery Act to advance the commercial deployment of this proven energy efficiency technology.