Developing renewable and clean technology companies in New York
Friday, July 30, 2010
The Clean Energy Technology Manufacturing and Export Assistance Act
The Clean Energy Technology Manufacturing and Export Assistance Act of 2010 was passed by the House of Representatives Wednesday. The act supports the development, implementation and longevity of a National Clean Energy Technology Export strategy through a $15 million Clean Energy Technology Manufacturing and Export Assistance Fund. The fund also assists domestic clean tech companies by locating markets abroad for export. This is great news for the 30% of small/medium sized clean tech companies who lack the market information and export opportunities/process to offer their products to the global community. The Department of Energy predicts that U.S. clean tech exports will increase from $7.7 billion to $40 billion by 2020, creating more than 750,000 jobs.