Power Group Online Article |  | |
3 November 2009-- The U.S. Department of Energy is awarding more than $155 million in funding under the American Recovery and Reinvestment Act for 41 industrial energy efficiency projects across the country.
Nine projects, totaling approximately $150 million, will promote the use of combined heat and power (CHP), district energy systems, waste energy recovery systems, and energy efficiency initiatives in hospitals, utilities, and industrial sites. The projects will get an additional $634 million in private industry cost share for a total project value of up to $785 million.
The remaining 32 awards will provide local technical support for the industrial sector through university-based assessment centers, state agencies, regional partnerships, and a national technical assistance provider. The projects are an extension of DOE's Save Energy Now initiative, which provides plant energy assessments and technical assistance to industrial facilities.
This funding will enable DOE's Industrial Technologies Program to provide technical and financial support for local businesses and manufacturing facilities to save energy and reduce energy costs and obtain financing.
The financial awards and are subject to negotiations with the DOE.
Want more news? Subscribe to the FREE E-newsletter!
|
Return to Previous Page
Power Engineering Webcasts | |
|
Sponsored White Papers Library | | |
|
|
|
|
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
