government funding
Royal Dutch Shell (NYSE: RDS.A) will receive C$876 million from both the Canadian federal government and also the Alberta provincial government for its Quest carbon capture and storage project at the company's Scotford Upgrader plant in the Alberta oil sands.
The U.S. Department of Energy (DOE) recently devoted US$20 million to research and develop cutting-edge geothermal technologies.
Chemical company W.R. Grace & Co. has been awarded US$3.3 million from the U.S. Department of Energy to enhance the development of advanced biofuels.
Four projects of the Solar Energy Grid Integration Systems (SEGIS) program have reached Stage III, are are eligible for further funding from the U.S.
While wind and solar get a lot of press in the renewable energy field, some experts believe geothermal offers even more potential. Now the U.S.
President Obama has signed a bill which will reduce the amount of federal funding offered to renewable energy.
A new report by Bloomberg New Energy Finance shows that fossil fuels garner over 10 times the subsidies renewable energy does.
The U.S. Department of Energy (DOE) announced a further $24 million in funding for commercial algal biofuel research as part of its National Algal Biofuels Roadmap [pdf].





