Yesterday, two days after President Obama signed the stimulus bill (American Recovery and Reinvestment Act or ARRA) into law, DOE Secretary Steven Chu announced a reorganization of how the Department of Energy will disperse loans, loan guarantees and funding contained therein.
Obviously, the idea is that there will be a disbursement of money to begin investments into the economy which will put Americans back to work and create millions of new jobs. What is good for CleanTechies like you and me is that there’s a leader at the helm Department of Energy that is keen on energy efficiency and renewables because it is the DOE that will be in a position to bring relevant projects to the table. More great news is he’s added ex-McKinsey consultant Matt Rogers to the team, a long time analyst of energy issues and climate change. It is great to have such strong representation from the business community within the DOE.