Stories
Slash Boxes
Comments

SoylentNews is people

posted by cmn32480 on Wednesday June 17 2015, @06:39PM   Printer-friendly
from the here-comes-the-sun dept.

In February, the Obama administration announced its so-called Clean Energy Investment Initiative, a program that was seeking to generate $2 billion in commitments from the private sector to help spur clean energy innovation.

Just four months later, it seems, investors have willingly answered the call twice over amid rebounding interest in renewable energy.

The Obama administration said today that a collection of philanthropic groups, universities, and for-profit institutions have committed $4 billion to invest in clean energy. These are investments that might not fit in the average investor's portfolio. Instead, the money will fund things like solar, wind, and fuel cell technology, the type of potentially transformative innovation that all too often never sees the light of day because funding dries up.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 1) by khallow on Wednesday June 17 2015, @07:09PM

    by khallow (3766) Subscriber Badge on Wednesday June 17 2015, @07:09PM (#197457) Journal
    It's a tiger-repelling rock. First, there's no real activity here. Second, the amounts involved are dwarfed by ongoing investments in these technologies which would happen even if the US federal government just sat on its duff. There's no "funding dries up".