By Jeff Siegel
Wednesday, April 29th, 2009
3 Ways to Play Hottest Green Energy Sectors – Get Your FREE Report
This afternoon, U.S. Energy Secretary, Steven Chu announced plans to pony up $93 million from the American Recovery and Reinvestment Act to support further development of wind energy. He also announced more than $100 million in funding for the National Renewable Energy Laboratory (NREL) and for infrastructure development.
Here’s the breakdown for wind development support…
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$10 million for the National Wind Technology Center in Colorado
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$24 million for wind power research and development
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$14 million for technology development – which will focus primarily on advanced materials for turbine blades and towers.
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$45 million for wind turbine drive train R&D and testing
Here’s the breakdown for NREL and infrastructure development…
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$68 million for a research support facility – this will create the nation’s most energy efficient office building at the same cost as low efficiency commercial construction. Ultimately, the goal is to create a design process that can be replicated for future construction projects.
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$19.2 million for renewable energy and site infrastructure – which will focus primarily on solar, and possibly geothermal.
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$13.5 million for upgrades to the integrated biorefinery research facility – which will enable the further development of commercial scale cellulosic projects.
3 Ways to Play Hottest Green Energy Sectors – Get Your FREE Report
For many of us who look forward to improving an alternative energy source, the news of $93 million on wind energy is a great news. We are all looking forward to a more efficient alternative energy as an outcome of this research. In the mean time, some Universities are now in line to receive between $2 and $5 million to investiagate and design the next generation of Lithiumion battries. This is indeed a good news.