FUNDING
June 1, 2009

Stimulus money boosts solar, geothermal R&D

The Obama administration announced that it will provide $467 million from the American Reinvestment and Recovery Act to support geothermal and solar energy projects, including research and development in enhanced geothermal systems, photovoltaics and concentrating solar power.

Of the $350 million allotted for geothermal projects, $80 million will go to enhanced geothermal systems research and development. Enhanced geothermal systems are power plants that use artificial geothermal reservoirs rather than natural ones. Another $30 million is slated to support the National Geothermal Data System, a national database of geothermal resources.

Of the $117.6 million allotted for solar projects, $77.1 million will go to research and development. Highlights include $13 million for Department of Energy laboratories to work on next-generation photovoltaics and supply chain technologies.


Back to ERN June 1, 2009

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