David Kirkpatrick

July 4, 2010

Obama gives $2B to two solar companies

As a nation we must find energy sources beyond petroleum. Chiefly because it’s a finite resource and will eventually — and that eventually may be a long ways off — run out. And it is the root of almost every vexing military and statecraft problem the United States faces. The problem is oil, gas and coal are so incredibly cheap and efficient compared to any feasible alternative.

Solar power has seen breakthrough after breakthrough (see the link in the sidebar under “interesting blog topics”) over the last several years, and many of these breakthroughs affect the current solar marketplace so it’s not all pie-in-the-sky activity. One way to ramp up improvements in solar efficiency and lower practical costs is to infuse the R&D process with enough money to not have to pick and choose among untested ideas. This investment from the government will allow Abengoa Solar and Abound Solar Manufacturing to implement large solar installations, create some jobs along the way, and, yes, continue to improve solar energy as a viable alternative to petroleum.

This is good news to blog about on Independence Day. Kudos to President Obama.

From the link:

US President Barack Obama announced on Saturday the awarding of nearly two billion dollars to two solar energy companies that have agreed to build new power plants in the United States, creating thousands of new jobs.

“We’re going to keep fighting to advance our recovery,” Obama said in his weekly radio address. “And we’re going to keep competing aggressively to make sure the jobs and industries of the future are taking root right here in America.”

One of the companies, Abengoa Solar, has agreed to build one of the largest solar plants in the world in Arizona, which will create about 1,600 construction jobs. When completed, this plant will provide enough  to power 70,000 homes.

The other company, Abound Solar Manufacturing, is building two new plants, one in Colorado and one in Indiana.

US President Barack Obama (R) tours a solar energy centre in Arcadia, Florida in 2009. Obama has announced the awarding of nearly $2 bln to two solar energy companies that have agreed to build new power plants in the US, creating thousands of new jobs

2 Comments »

  1. Good deal! We should pay for it by removing oil company subsidies.

    Comment by Ben Hoffman — July 4, 2010 @ 6:20 pm

  2. […] See the article here: Obama gives $2B to two solar companies « David Kirkpatrick […]

    Pingback by Obama gives $2B to two solar companies « David Kirkpatrick « www.Moziic.com See Your Music — July 5, 2010 @ 1:19 am


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