Obama's plan provides boost to geothermal and solar energy

The president has allocated more than $467 million for research, development, and use of both geothermal and solar energy.

 

05/29/2009


 

President Barack Obama has announced

plans to

expand and accelerate the development, deployment, and use of geothermal and

solar energy throughout the United

States.

 

Taking more than $467 million from

the American Reinvestment and Recovery Act ,

the funding represents a down payment that will assist the solar and geothermal

industries overcome technical barriers, demonstrate new technologies, and

provide support for clean energy jobs for years to come. The plan coincides

with the Obama administration's strategy to increase American economic

competiveness, while supporting jobs and moving toward a clean energy economy.

 

The plan is broken down into the

two main types of energy, geothermal and solar. From there, each type is broken

down into specific categories, with funds allocated. For example in the solar energy

section, $51 million is going to photovoltaic technology development, $40

million to solar energy deployment, and nearly $26 million to concentrating solar

power research and development.

 

The president hopes this plan will change

the way America

is viewed around the world, potentially going from a leading importer of oil to

becoming the top exporter of clean energy.





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