Solar
Integrator Eshone Energy asks: Do we have a sunny forecast indicating that President
Barack Obama will boost the Renewable Energies
market, including Solar Power?
After
President-elect Barack Obama is sworn in on January 20th, there’s no
doubt people will queue up, all clamoring for his immediate attention. Indeed, with such pressing issues as pulling our
troops out of Iraq, disbursing the remaining $350 billion in bailout money, closing
Guantanamo Bay, keeping people in their homes and on the job, how much attention
can we expect Obama to give to Renewable
Energies, specifically Solar Energy?
One of the key statements
President-elect Barack Obama and Vice Present-elect Joe Biden put forth in their
New Energy
for America plan notes that, “Our
nation is confronted by two major energy challenges - our dependence on foreign
oil and global climate change – both of which stem from our current dependence on
fossil fuels for energy.”
- 5 Million Green Collar Jobs – Invest $150 billion in
the next 10 years to build clean energy.
- A Bold New National Goal on Energy Efficiency
- American Energy (using American energy instead of dependence on Foreign
Oil).
Speaking
Specifically Solar (or where Solar is part of the Renewable Energies umbrella):
- Invest in a national smart grid that utilizes smart metering, distributed storage and other technologies to improve grid functionality and reliability.
- 10% of America's electricity to be derived from renewable sources by 2012 and 25% by 2025.
- Direct the Secretary of Energy to establish an investment-matching grant program and initiate strategies for managing peak-load demands.
- Establish a federal investment program to help longtime manufacturing centers modernize for operation in a burgeoning cleantech economy. Cleantech is specific to technology that improves overall performance yet reduces energy consumption, waste and pollution. The term entered our vocabulary with the increasing awareness of global warming and the impact that continued burning of fossil fuels had on the natural environment.
- Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050.
At
a recent speech he gave at George Mason University, President-elect
Barack Obama noted that, as part of his economic stimulus plan, he plans to double
production of solar energy and other forms of renewable power. “In the process, we will put Americans to
work in new jobs that pay well and can't be outsourced,” he added, “jobs building solar panels and wind
turbines, constructing fuel-efficient cars and buildings, and developing the
new energy technologies that will lead to even more jobs, more savings and a
cleaner, safer planet in the bargain.”
Indeed,
the general public is feeling hopeful that Obama isn’t just giving renewable energy lip-service but will genuinely
move to action. However, venture
capitalist Maurice Gunderson, senior partner at CMEA Ventures of San Francisco,
warns that, "The problem took 100
years to create. It's not going to be fixed in six months by anybody. I see this as a five or ten year fix." On the whole though, Gunderson, who’s been in
the energy sector for 35 years, is optimistic that the Obama administration
shows signs that they understand the problems and will act on them.
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