The Energy Department has so far spent only a fraction of the $111 billion it earmarked for clean-tech development, but already 2,700 energy and conversation projects have resulted, a study find.
Only a small fraction of the Energy Department money has so far been spent.
The study is among the first independent assessment of the impact of the green-energy stimulus funds, which have drawn criticism for not providing a significant boost to the economy.
It shows the money is laying the groundwork for an expansion that will continue in 2010 and coming years. So far, the Department of Energy has spent only $2.4 billion of the funds. Another $50 billion have been allocated and is in the process of being distributed.
The study, by Onvia, finds that smart grid projects have been among the quickest to kick off, with efforts underway in Texas, North Carolina, Kentucky, Indiana and Ohio.
The clean-tech spending is anticipated to create 100,000 new jobs, with most – 60,000 – taking root in the southeast. The highest paid positions will be in New England.
The projects include not just smart grid development but energy efficiency initiatives, renewable energy construction and transmission line upgrades, Onvia says.
[...] Clean Tech Stimulus Money Creates 2700 New Energy Projects Sο Far … [...]
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