Clean Tech Stimulus
October 20th, 2009 / 0 Comments
The energy efficiency and clean technology snowball is swiftly gaining speed in Southern California and nationwide with the help of many particularly the DOE. After attending a recent Clean Tech San Diego event, the speaker shared with us a bar graph. The title of the bar graph was “Clean Tech Stimulus from the DOE”. It showed 4 bars focusing on the dates 2009-2012. In 2009, it is expected that the DOE is awarding $29 billion in clean stimulus funds which represents only 15% of the total amount. In 2010 and 2011, there is expected to be over $140 billion allocated and awarded nationwide under the clean tech umbrella. Over that two year period, we will see close to 5 times the amount which was allocated in 2009. I believe that we are still in the spring training of the clean tech revolution as we determine which renewable energy sources have a realistic chance to become cost effective and scalable. Buckle up- we’re in for fun ride over the next decade!
Posted by Courtland Weisleder in Climate, Commercial, Investment Banking, Research, Residential
