Obama pledges billions to develop clean energy

06/03/2010 at 3:06 pm Leave a comment

President Obama is ramping up efforts to promote clean energy. He’s made repeated speeches on the topic, and in the last month, he’s pledged $10  billion in federal loan guarantees for solar, wind and nuclear power as well as energy-efficient windows.

Consider the last week alone.

On Tuesday in Savannah, Ga., Obama unveiled details of his HomeStar plan to give people rebates worth up to $3,000 for making their homes more efficient. He’s asking Congress to fund the program, estimated to cost about $6 billion.

President Obama, who is ramping up efforts to promote clean energy and energy efficiency, met Friday in Arlington, Va., wiith employees of OPOWER, a software company that gives consumers information about their home energy use.
By Getty Images

The same day in Washington, the Department of Energy announced $100 million in Recovery Act funds to develop green technologies such as thermodevices and grid-scale energy storage.

On Friday, more speeches and money. Energy Secretary Steven Chu announced $117 million in loan guarantees to help build a 30-megawatt wind energy project in Kahuku, Hawaii, and $72 million to Minnesota-based SAGE Electrochromics to build a 250,000 square foot facility to make electronically tintable, energy-saving glass.

These loan guarantees follow $8.3 billion offered last month to help build two new nuclear power reactors in Georgia and $1.4 billion to create the world’s largest solar complex in California’s Mohave Desert.

Too much?

His HomeStar proposal received mixed reaction, as a prior post reports, as did his January budget request to triple loan guarantees for nuclear power plants.  Environmental and taxpayer groups such as the National Taxpayers Union criticized it but pro-nuclear industry groups such as the CASEnergy Coalition gave it a thumbs up.

“The jobs of tomorrow will be jobs in the clean energy sector,” Obama said Friday in Arlington, Va., where he visited OPOWER, a company that prods consumers to reduce their energy use in part by comparing their utility bills to that of their neighbors. He added:

This company is a great emblem for that.  That’s why my administration is taking steps to support a thriving clean energy industry across this country — an industry that’s making solar panels, and building wind turbines, producing cutting-edge batteries for fuel-efficient cars and trucks, and helping consumers get more control over their energy bills.

Source: http://content.usatoday.com/communities/greenhouse/post/2010/03/obama-pledges-billions-to-develop-clean-energy/1

Entry filed under: Incentives, Policy, Renewable Energy.

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