A Great Place For News, But Not Your Blood Pressure.


Monday, September 5, 2011

Lesson Not Learned: Department Of Energy Gives $145 Million For Solar Research And Development

Obama is determined to carry out his plans for Transforming the 'Oil' Based Economy into a New 'Green' Economy. In order to do this he seems to be willing to throw Good money after Bad, even if expensive failures, like the $535 Million Dollar loan to the Solar Company Solyndra, threaten to de-rail his plans.

Just in case you thought that Obama might have changed his mind about Solar, according to EnergyMatters.com, the Department of Energy (DOE) is giving 145 Million more dollars to the Research and Development of Solar:

"The U.S Department of Energy’s (DOE) SunShot initiative, a policy aimed at making solar energy cost competitive with fossil fuels, continues to provide vital support for the solar power industry in America with a new round of funding announced to bring in the next generation of solar technology.

The DOE’s Office of Energy Efficiency and Renewable Energy says it will spend $145 million on forward-looking projects 7-10 years away from commercial readiness, and scientific and technological improvements which can be rapidly implemented within 5 years."

So if your unemployed you should rest easier knowing that under the Obama plan you should be able to get a 'Green' job in solar in oh.... 5 to 10 years.


No comments: