A significant chunk of federal dollars will flow to developers of renewable energy technologies and other energy-related technologies as a result of the American Recovery and Reinvestment Act of 2009, which was passed earlier this year. Obama administration figures peg $43 billion in spending and $22 billion in tax relief to energy-related issues. While there exists a fair amount of detail about what to do with the money and a timeline in which to do it, what remains less clear is the "how" of the equation, says Ted Murphy, a partner in the energy practice for law firm Hunton & Williams. Interested parties are awaiting guidance in a number of areas. That said, among the spending programs likely to interest manufacturers are:
Ted Murphy
Office of Energy Efficiency and Renewable Energy Appropriations -- ARRA provided this DOE office with $16.8 billion for a variety of programs. Among those dollars are $2 billion for loans and grants for manufacturing of advanced vehicle batteries and $3.5 billion for renewable energy and efficiency demonstration programs.
DOE Office of Fossil Energy -- This DOE office receives $3.4 billion, including $1.5 billion for industrial carbon capture.
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