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.
President Barack Obama has announced
expand and accelerate the development, deployment, and use of geothermal and
solar energy throughout the United
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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