For Immediate Release March 23, 2009
- The creation of an advanced research agency for energy, modeled after the Defense Advanced Research Projects Agency which developed the Internet
- Support for Energy Frontier Research Centers, which could lead to breakthroughs in energy storage, super-efficient engines, and solar cells as cheap as paint
- Supporting U.S. manufacturing of advanced batteries needed for plug-in hybrids, renewable energy backup, and other applications
- $1.2 billon for research infrastructure for the Department of Energy’s national labs, which is being announced by Secretary of Energy Steven Chu today at Brookhaven National Laboratory.
- Studies have shown that every dollar of tax benefit stimulates as much as an additional dollar of private R&D spending in the short run and two dollars in the long run. Every $1 of R & D adds $2 of benefit to our economy and society as a whole.
- Two-thirds of benefits of the credit are attributable to salaries of U.S. workers performing U.S.-based research, and the credit stimulates R&D spending by more than 11,000 small, medium and large firms.
- The credit has been extended 13 times with some extensions lasting just 6 months, and has also been allowed to lapse for almost a year - undermining its effectiveness because companies can't count on it.
- Orion Energy "Apollo Light Pipe": The Apollo Light Pipe collects and focuses sunlight, bringing natural light indoors without consuming electricity and replacing traditional lighting for large portions of the day. Coca-Cola and Sysco have installed this system, saving enough energy to power over 500 homes for a year.
- Solyndra Solar Panel: Solyndra is the first recipient of the DOE Loan Guarantee recovery program, announced last week. Their solar panel is a unique cylindrical design that maximizes direct sunlight and absorption.
- Serious Materials has 4 plants in California, Colorado, Pennsylvania, and plans to reopen the old Republic Windows plant in Chicago this Spring.
- Earlier this month, Serious Materials re-opened a previously shuttered plant in Pennsylvania, and is hiring back over 100 union workers in the next couple of months.
- Serious Materials’ products exceed current Energy Star standards by up to 400 percent and can reduce heating and cooling energy costs by up to 50%. 5% of US energy use is lapsed through inefficient window glass.