Climate Action

Obama invests $467M in solar and geothermal development

The US President Barack Obama announced over $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy across the United States.

  • 29 May 2009
  • Simione Talanoa

The US President Barack Obama announced over $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy across the United States.

The new funding intended to help the solar and geothermal industries overcome technical barriers, demonstrate new technologies, and provide support for clean energy jobs.

More than 72,000 solar panels built on an old landfill provide 25 percent of the electricity for the 12,000 people who live and work at Nellis.

"We have a choice," said the President, addressing armed services personnel and legislators at Nellis Air Force Base. "We can remain the world's leading importer of oil, or we can become the world's leading exporter of clean energy.

We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the great opportunity of our time: the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy.

That's the nation I want America to be."

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Source: ENS-Newswire