American Recovery and Reinvestment Act Grows Renewable
New York, January 31, 2011 — The U.S. is making significant progress toward attaining its goal of doubling renewable generation capacity over the next two years, due in large part to support from the American Recovery and Reinvestment Act (ARRA) introduced in 2009.
ARRA investments are funding research projects to develop next generation renewable energy technologies, such as solar thin films and new wind turbine designs that will create a cost competitive alternative to electricity currently generated from coal or natural gas power plants while simultaneously creating long-term economic market growth.
ARRA Report Card: Two Years Later, the latest industry study from market research publisher SBI Energy provides a time-capsule analysis of the impact of ARRA investments. The report features framework to the new energy economy:
Overall, the Energy Information Administration (EIA) estimates that U.S. renewable generation capacity will increase 32% more than without ARRA support–reaching 155 GW in 2015. Two years after the enactment of ARRA, indications are strong that the Recovery Act is aiding the U.S. in attaining its goal of doubling renewable generation capacity in the next two years.
ARRA Energy Report Card: Two Years Later examines the ARRA clean energy investments and their impact on the various clean energy markets within the power, transportation, and building sectors. The report presents the ARRA direct investments, segmented by sector and clean energy market, and provides details with regard to cross-sector energy-related ARRA investments and tax incentives. A summary of the clean energy markets within each sector likely to be impacted by ARRA energy investments is presented, along with obligations to date, and potential impact and estimated market size to 2015.
ARRA direct investments made in the power, transportation, and buildings sectors are discussed in detail. The report includes specific program details, appropriations amounts, awardees, and intent. Further, the markets expected to benefit from ARRA provisions are highlighted by sector. Discussion of these markets includes products and technologies and estimated market size to 2015.
Identification and profiling of twenty private-sector companies that have received American Recovery and Reinvestment Act awards under clean energy programs are provided in the report. These companies represent some of the largest total ARRA clean energy awards made to private sector companies to date. Recipient awards in the categories of renewable generation, grid modernization, carbon capture and sequestration, transportation, and energy efficiency are represented. Key profile information, brief descriptions of company activities, and discussion of company ARRA clean energy award activities are provided.
For more information, please visit: https://www.sbireports.com/ARRA-Energy-Card-2849576/.
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