EERE Network News
June 03, 2009
News and Events
DOE will direct $467.6 million in Recovery Act funds toward geothermal and solar energy projects, including $350 million for geothermal energy projects and $117.6 for solar energy projects. The solar projects will address both photovoltaic systems and concentrating solar power systems.
DOE will offer nearly $50 million in funds from the American Reinvestment and Recovery Act to accelerate the deployment of geothermal heat pumps, which provide an efficient means of heating and cooling buildings and providing them with hot water.
DOE is offering $256 million in Recovery Act funds to support projects that can help manufacturers operate more efficiently. The funds will also support the development of industrial materials, as well as energy efficiency projects for the communication and information technology (IT) industries.
As part of the restructuring plan for General Motors Corporation (GM), the company plans to retool one of its idled U.S. factories for the production of a new small car. As GM focuses its efforts on its four core brands, it is also in negotiations to sell the Hummer brand to a Chinese company.
The Vermont Energy Act of 2009 will allow individuals and businesses to install renewable power systems and sell the power from the systems to utilities at a fixed rate under long-term contracts, an approach known as a feed-in tariff. The act also includes a number of other clean energy innovations.
Among U.S. utilities, those with the most experience with solar power continue to be the ones installing the most new solar power, according to a new report from the Solar Electric Power Association. Customer-located solar power systems continue to dominate the market, but that trend may change soon.
In the absence of specific policies to limit greenhouse gas emissions, the world's energy use is expected to increase by 44% between 2006 and 2030, causing a 39% increase in global carbon dioxide emissions, according to DOE's Energy Information Administration (EIA).