Over a year after the Recovery Act of 2009 was signed into law, the U.S. Department of Energy says that $32.5 billion of the $36.7 billion it was authorized to spend is "spoken for," and nearly 5,000 projects have been funded. The department has selected all but 1 percent of the proposals that will receive grants and contracts. So far, however, only $3.5 billion has actually been spent, and the money has only directly created 22,841 jobs.
This week, the DOE's senior advisor for Recovery Act implementation, Matt Rogers, provided an update on the department's progress in identifying projects that will receive funding. While much of the Recovery Act focused on funding for near-term recession relief, including tax relief for individuals and support for local and state governments, the funding allocated to the DOE was mainly for projects with longer term payoffs, including building infrastructure such as wind farms and battery factories and conducting research.
To read the full, original article click on this link: Technology Review: Recovery Act Has Bolstered Clean Energy
Author: Kevin
Bullis
