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DOE awards more than $145M for advanced solar technologies under SunShot Initiative

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The projects announced today under DOE’s SunShot Initiative will spur American innovation to help reduce the costs of clean, renewable solar energy and re-establish US global leadership in this fast growing industry. Solar Energy Grid Integration Systems: Advanced Concepts: Eight projects to receive $25.9

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Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program

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The $787-billion stimulus bill (HR 1, the American Recovery and Reinvestment Act) that emerged from the joint House-Senate conference committee this week provides funds for a large range of transportation-related projects. A 10% credit, up to a maximum of $4,000, for the cost of converting any motor vehicle into a qualified PHEV.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated. Power plant capital costs. The market would focus, consolidate and find some very innovative ways to produce low-cost clean energy.

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PwC industry survey provides check-up on determining factors for EV success

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Among the findings of the survey: Approximately one-third (33.8%) of respondents felt the lack of investment to modernize the grid is a primary roadblock preventing the widespread support of EVs. 19% of those surveyed indicated the government should bear the primary burden of developing and funding an EV infrastructure or smart grid.

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GE to Open Sodium-Metal Halide Battery Plant in New York

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The announcement coincides with GE’s submission this week for federal stimulus dollars from the US Department of Energy. The initial investment in the factory will be $100 million. Earlier post.).

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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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We are in a good position to transform the global energy system but success will depend on urgent action, as delays will raise the costs of decarbonization. Reducing the impact on human health and mitigating climate change would save between two- and six- times more than the costs of decarbonization, according to IRENA’s calculations.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Five months ago.

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