9 March '10
2:34 PM EST
No Comments
  Funding
  Policy

Reblog: The US Is In Danger Of Losing The Clean Tech Race, Says Energy Secretary Chu

– By Mark Boslet, co-editor, TechPulse360

American prosperity is at stake, said Energy Secretary Steven Chu.

The United States risks losing the race to a clean-tech economy if it fails to get serious about global warming, Energy Department Secretary Steven Chu said Monday.

Taking five years or longer to pass energy legislation will limit the nation’s ability to be a leader in the green-energy technologies of tomorrow, Chu said during an address at Stanford University.

American prosperity is at stake, said Energy Secretary Steven Chu.

“I think we will lose (and) end up purchasing equipment from abroad,” he said. “The future prosperity of the United States is at risk.” Read More »

8 February '10
11:29 AM EST
No Comments
  Cleantech
  Funding

DOE To Award Up To 15 Loan Guarantees Within Six Months

One of Energy Secretary Steven Chu’s early promises upon taking over at the Department of Energy a year ago was that he would speed up the award of the loan guarantees.

So far though only one loan guarantee has actually been funded. The guarantee was secured by Solyndra, the California maker of thin-film photovoltaic cells, which scored a $535 million in September that it will use in part to finance construction of a new manufacturing facility in California. Read More »