EERE Network News
October 08, 2008
News and Events
The $700 billion Emergency Economic Stabilization Act of 2008, signed into law on October 3, extended and enhanced critical tax credits and financing relating to renewable energy and energy efficiency.
A bill signed by President Bush to keep the government running provides funds for DOE to provide $25 billion in loans to support the production of advanced technology vehicles. The bill also boosts weatherization funding by $250 million and provides $175 million for hazardous fuels reduction.
DOE will invest up to $43.1 million in 21 enhanced geothermal systems projects, including four demonstration projects that will attempt to increase power production from existing geothermal reservoirs in California, Idaho, and Nevada.
DOE and the U.S. Department of Agriculture have released a plan to develop a sustainable fuels industry, which DOE is already backing up with an $83.3 million investment in fermentation and pyrolysis technologies. A DOE study also shows no significant performance impacts from ethanol fuel blends.
Michigan has joined the growing ranks of states with a renewable portfolio standard (RPS). The Michigan RPS requires 10% renewable power by 2015, and the bill also includes energy efficiency requirements and other measures to encourage renewable energy development in Michigan.
General Motors Corporation (GM) and Porsche AG are the inaugural winners of the Green Challenge at the Petit Le Mans, which was held on October 4 in Georgia. For GM, the Corvette Racing team gained an advantage by fueling primarily with ethanol generated from waste wood.
DOE launched the "Stay Warm, Save Money" campaign to help consumers be more energy efficient and save on their energy costs this winter. The new Web site includes no-cost and low-cost energy-saving tips, financial assistance information, an energy-themed blog, and more.
Now that we're growing less worried about gasoline prices, DOE's Energy Information Administration (EIA) reminds us that winter is right around the corner, and this year's heating costs are expected to be 15% higher than they were last year. The impacts will be greatest in the Northeast and South.