U.S. announces solar energy initiative

Jun 28, 2006

U.S. Department of Energy Secretary Samuel Bodman has announced an initiative designed to make solar technology cost effective by 2015.

Bodman said the U.S. will spend $170 million during a three-year period for cost-shared, public-private partnerships to advance solar energy technology.

He said the move is part of the Solar America Initiative, President Bush's commitment to diversify energy resources through grants, incentives and tax credits.

The SAI's goal is to reduce the cost of solar energy systems to make them competitive with conventional U.S. electricity sources by 2015.

"This investment is a major step in our mission to bring more clean, renewable solar power to the nation," Bodman said. "If we are able to harness more of the sun's power and use it to provide energy to homes and businesses, we can increase our energy diversity and strengthen our nation's energy security."

Copyright 2006 by United Press International

Explore further: EU gives green light for Hungarian nuclear deal with Russia

Related Stories

Harvesting energy from electromagnetic waves

Apr 14, 2015

For our modern, technologically-advanced society, in which technology has become the solution to a myriad of challenges, energy is critical not only for growth but also, more importantly, survival. The sun ...

Engineering team invents a camera that powers itself

Apr 15, 2015

A research team led by Shree K. Nayar, T.C. Chang Professor of Computer Science at Columbia Engineering, has invented a prototype video camera that is the first to be fully self-powered—it can produce an ...

Recommended for you

EU clears massive German wind farms investment

Apr 16, 2015

The EU on Thursday approved German government support for a massive investment of nearly 30 billion euros in new offshore wind farms, a key project as the country phases out nuclear energy.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.