Obama's plan provides energy boost

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, an...

06/01/2009


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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