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U.S. renewable energy gets $43 billion from stimulus



18 February 2009 @ 05:46 pm ET

The U.S. has allocated $43 billion from the $787 billion economic stimulus package to boost clean and efficient energy.

Quotes

The American Recovery and Reinvestment Act of 2009 was signed into law on Tuesday by President Barack Obama.

The chief executive of the American Wind Energy Association, Denise Bode, said in a statement that the industry was "thankful to be called upon, and ready to deliver." She said the funds would create thousands of jobs.

The total investment increases to $65 billion considering $22 Billion from the tax relief program specifically designated for energy, according to recovery.gov, an official website created to track the stimulus package.

The Obama administration has said it aims to create jobs and reduce dependence on foreign oil with the new spending. The fund will allocate funds for various projects which include the development of a more efficient electricity grid and programs to weatherize homes and train people for green jobs.

The money will be allocated as follows, according to a document released by the U.S. House of Representatives:

• $11 billion for a more reliable and efficient electricity grid.

• $6 billion for loans guarantees for renewable energy power generation and transmission projects

• $4.5 billion for U.S. General Services Administration (GSA) for making Federal Buildings more energy efficient

• $6.3 billion in grants to help state and local governments invest in programs to become more energy efficient and reduce carbon emissions

• $250 million to increase energy efficiency for low-income housing sponsored by the Department of Housing and Urban development

• $2.5 billion for energy efficiency and renewable energy research

• $2 billion for advanced batteries and battery systems for vehicles

• $5 billion for home weatherization

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1.
Feb 21, 2009 1:16pm

It's great to see such a commitment to renewable energy and energy efficiency in this stimulus package. It's also interesting to see how many of the areas receiving funding open up huge opportunities for the energy monitoring market. The grants for smart grid, HUD, Energy Efficiency and Conservation Block, State Energy Programs, transmission systems upgrades, GSA, and many more -- all of these initiatives will require open energy monitoring platforms that can ensure maximum efficiency and performance across all renewable energy systems. Technologies from companies like Fat Spaniel Technologies -- www.fatspaniel.com -- that provide open platforms that can monitor all renewable energy systems using one central console will likely become a key/required component for ensuring that the systems paid for by the stimulus grants are operating as optimally as possible, while also providing max energy efficiency. These technologies are essential for ensuring the cost-effectiveness of the systems deployed, and providing oversight and accountability. Especially in this economy, it's not enough to just deploy "green" technology and use renewable energy -- you need to oversee those systems and get the most of them. We must combine eco responsibility with fiscal responsibility. Fat Spaniel was the first open energy monitoring platform on the market, and already monitors over 2,000 energy systems in 15 countries. Our platform enables the integration of many different vendors’ hardware devices – such as inverters, solar modules, wind turbines, environmental sensors, combiner boxes – into the intelligent energy management infrastructure. So, regardless of the hardware components organizations choose to use for their renewable energy initiatives, they can rest assured that they'll have one single platform to manage everything, giving them a holistic view of their systems to ensure that everything is operating optimally. If you'd like to learn more or have any questions, please visit us at www.fatspaniel.com. We'd be happy to answer any questions you have.

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