Clean Tech Industry Needs Federal Cash due to Lack of Private Investors
The
US government must step in to finance clean energy research and
development as the private markets continue to shy away from such
investments, experts said.Energy innovators are being thwarted by a lack
of financing at key stages of development, finding themselves in the
‘valley of death’, said Norman Augustine, the retired chairman and CEO
of Lockheed Martin based in Bethesda, Maryland and a member of the
American Energy Innovation Council, a coalition of seven business
leaders that recently put out a report about the government’s…Read more...
Federal Support needed as Consumers want Clean Energy without the High Prices
Clean
energy is something everyone is ‘for’. Few people are in favour of
dirty energy. But the problem is the definition of what is clean
depends upon who you ask. We will say we are in favour of clean
renewable energy, when polled, until a wind producer tries to site a
wind turbine near us, or spreads out a sea of photovoltaic panels across
the desert—or worse says a high voltage transmission line is needed to
bring that clean, renewable energy from its remote location to serve
demand in the load centres of…Read more...
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