U.S. Energy Secretary | The Green Economy Post: Green Careers, Green Business, Sustainability

$750M in New Funding for Renewable Energy Projects from the American Recovery and Reinvestment Act

By Chris de Morsella on October 19, 2009 1 Comment American Recovery and Reinvestment Act, biofuel, biomass, clean energy, Department of Energy, DOE, Financial Institution Partnership Program, FIPP, Geothermal, hydropower, loan guarantees, power transmission, private sector, renewable energy, solar;, Steven Chu, U.S. Energy Secretary, Washington D.C., wind

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.

Geothermal Heat Pumps Get $50M in Recovery Act Funding

By Chris de Morsella on June 4, 2009 Comments Off on Geothermal Heat Pumps Get $50M in Recovery Act Funding American Reinvestment and Recovery Act, Department of Energy, DOE, Fort Wayne, geothermal heat pump, GHP, Indiana, Recovery Act Funding, Steven Chu, U.S. Energy Secretary

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.