In order to support recent fuel efficiency standards mandated by President Barack Obama, the United States Department of Energy (DOE) has committed $175 million to accelerate the development and deployment of advanced vehicle technologies.
Modernizing America's electric grid has been a priority for the Obama administration since taking office in 2009. As part of its Recovery Act, the federal government dispersed $4.5 billion to the development a smart grid which can handle two-way energy flow as well as synchronize intermittent energy with baseload power.
U.S. Department of Energy Secretary Steven Chu Friday announced that $27 million will be awarded to nine new projects as part of the government’s $200 million per year “SunShot” initiative to bring the total costs of utility scale solar energy systems down about 75 percent -- to roughly $1 a watt - by 2020.
Appliance, equipment and lighting efficiency standards have generated about 340,000 jobs in the United States, or about 0.2 percent of the nation's employment in 2010, according to a report. Called Appliance and Equipment Efficiency Standards: A Money Maker and Job Creator, the report suggests that, by 2030, national standards will create another 40,000 jobs.
The U.S. Department of Energy has announced it will provide US$184 million to accelerate the development of efficient vehicle technologies over the next three to five years.