Raser Technologies (RZ) received another life line today, this time in the form of the U.S. Treasury for $33 million as part of the American Recovery & Reinvestment Act. Raser is expected to receive the funds in about a week and will be used to retire debt and obligations related to its Thermo No. 1 geothermal project which has so far been a money pit. The company will continue to seek additional financing to … Read the rest
Tag Archives: american recovery & reinvestment act
Green Energy Details of Economic Stimulus Package
Now that Congress has approved the economic stimulus package (aka the American Recovery & Reinvestment Act) with Obama expected to sign it into law on Tuesday I thought I’d give a run down of what’s in this bill related to green energy initiatives.
Overall, nearly 10% of the entire bill provides funding and tax credits for green energy related projects.
* $11 billion in spending and loan guarantees to build a “smart grid” to move … Read the rest