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Geothermal Funding Could Get 25 pct Bump in US Government Funding
2010-02-07 14:20:00 (GMT) (Caymanmama.com - News Providers News)Geothermal Funding Could Get 25 pct Bump in US Government Funding
February 5, 2010 /EIN PRESSWIRE/ The Geothermal Energy Association (GEA) says that the 2011 White House budget calls for a 25% increase in geothermal energy funding and the opportunity for the industry to compete for more research funding.
The GEA says Obama Administration’s budget earmarks $55 million for geothermal technology development. Additionally, the budget sets aside $500 million in credit subsidies to support loan guarantees for energy-efficiency and renewable-energy projects.
The White House has tasked the Department of Energy to lead federal efforts to double renewable energy generation capacity within the next two years.
Read more about this story at Geothermal Power News Today:
Latest Washington D.C. Geothermal Power news - http://geothermalpower.einnews.com/washingtondc/
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