Green Innovations

Developing renewable and clean technology companies in New York

Wednesday, October 7, 2009

What's the status this week of DoE stimulus spending?

The U.S. Department of Energy stimulus funding should hit $30 billion this fall, the DoE said this week.  In all, the department has about $90 billion in stimulus funds to distribute.  If the $30 billion mark is reached this fall, it will constitute pretty rapid spending, according to a report this week by Clean Tech Brief who noted that nearly four years after Congress passed legislation authorizing the agency to guarantee loans for clean-energy projects, it has so far guaranteed very few.   Stimulus funds now being dispersed include renewable energy tax credits, grants, loan guarantees and cash payments to electric and plug-in hybrid car makers, battery makers, smart grid deployments and carbon capture projects.

Among the stimulus funding winners have been many research institutions in Upstate New York.  Read those New York State results, and notices on upcoming opportunities here: