Dear This Should Newgrade Energy Inc. Get $1,000 Back? A new company might be interested in taking full advantage of DOE’s new Renewable Energy Stock Plan (RENP) on Wall Street. This week, a Pennsylvania college’s board signed a resolution reaffirming the school’s commitment to clean energy. The school – who received just $500,000 from “U.S.
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government visit here guarantees” from DOE this year – will receive an additional $1 million from the Nuclear Regulatory Commission this summer to “provide flexibility and ensure that significant DOE resources in support of clean technology continue to support residential, economic, and technical development efforts in the DC region.” The resolution recognizes that the federal government – which provides 90 percent of DOE’s energy needs – means that its clean energy funds would potentially give the DOE the most value in a Renovation Program that will contribute $200 million to programs that would stimulate the development of clean technologies such as solar, wind, and hydroelectric. Thus, as reported by Bloomberg, they would be better positioned to meet the needs of “the next critical time—when current political and economic conditions require more cooperation in the way we empower, train, and employ our energy companies for more effective, cost-effective, and sustainable innovation.” The resolution, which will be administered by the Board of Trustees of DOE’s Office of Space and Physical Sciences (OSTSI), commits DOE to $1.36 billion in new renewable energy investment per year by 2020.
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It should give DOE more flexibility in its RENP – which offers significant incentives for the U.S. Government to invest in renewable energies — if the DOE may be willing to reduce or eliminate certain limits on how much DOE can spend on renewable energy – while following a path so clear to the public that no DOE official has stepped foot in the school office building for almost two decades. For more updates, please visit the Organic Energy Project on the Harvard Catalyst News page or visit the Organic Energy March on Wall Street for updates on renewable energy. Filed under: Renewable Energy
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