News

October 7, 2009

Energy Department Announces New Private Sector Partnership to Accelerate Renewable Energy Projects

Energy Secretary Steven Chu today announced the Department of Energy will provide up to $750 million in funding from the Recovery Act to help accelerate the development of conventional renewable energy generation projects. More

September 1, 2009

Treasury, Energy Announce $500 Million in Awards for Clean Energy Projects

Treasury Secretary Tim Geithner and Energy Secretary Steven Chu today announced $502 million in the first round of awards from a Recovery Act program that provides cash assistance to energy production companies in place of earned tax credits. More

August 26, 2009

DOE Offers $37 Million for Clean Energy Research at Small Businesses

DOE is offering to help small businesses explore a wide range of clean energy technologies, including solar power, water power, smart grid controllers, and systems relating to building energy and energy savings in industry. About $8.5 million is available for companies to explore new ideas. More

August 12, 2009

President Obama Approves a $2 Billion Extension for "Cash for Clunkers"

The "Cash for Clunkers" program, officially known as the Car Allowance Rebate System, proved so popular that Congress rushed to approve an additional $2 billion in funds to keep it going. The program has also achieved fuel economy gains that were greater than were expected. More

August 5, 2009

DOE Offers $30 Billion in Loan Guarantees for Renewable Energy Projects

DOE is offering an estimated $30 billion in loan guarantees for renewable energy projects, with some loan guarantees specifically set aside for cutting-edge biofuel projects. The American Recovery and Reinvestment Act is providing some of the subsidies for the loan guarantees. More

August 5, 2009

NASA Offers a $1.5 Million Prize for a Fast and Fuel-Efficient Aircraft

Designing and building an aircraft that can average 100 miles per hour while achieving a fuel economy greater than 200 passenger-miles per gallon could earn some team a cash prize of $1.5 million. NASA's Green Flight Challenge will offer an additional prize for a high-performing craft running on biofuel. More

July 31, 2009

Energy, Treasury Now Accepting Applications for Funding for Renewable Energy Projects

The U.S. Department of Energy and the U.S. Department of the Treasury announced they are now accepting applications for a program that will make direct payments in lieu of tax credits to companies that create and place in service renewable energy facilities. More

July 29, 2009

"Cash for Clunkers" Rebate Program Gets Rolling

Officially known as the Car Allowance Rebate System, the "cash for clunkers" program officially took effect on July 24. It will cut the cost of new cars by up to $4,500 for those who trade in their used, inefficient vehicles and allow them to be scrapped. More

July 16, 2009

DOE Announces Recovery Act Funding of up to $85 million for Algal and Advanced Biofuels

The U.S. Department of Energy (DOE) today announced the availability of up to $85 million from the American Recovery and Reinvestment Act for the development of algae-based biofuels and advanced, infrastructure-compatible biofuels. More

July 15, 2009

DOE Offers $52.5 Million for Concentrating Solar Power Research

DOE is offering $52.5 million for research, development, and demonstration of concentrating solar power systems that use energy storage to operate at least 18 hours a day. Concentrating solar power systems focus the sun's heat and convert it into electricity. More

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