Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, February 24, 2012

DOE no Longer Able to Fund Clean Technology Ventures after Budget Cuts

DOE no Longer Able to Fund Clean Technology Ventures after Budget Cuts

The US Department of Energy's (DOE) days as a financier of clean technologies are over thanks to the Solyndra backlash, but budget cuts would have prevented the department from functioning in that role anyway, according to NRG Energy's chief executive. "It was the headline for a good part of the year in 2011," David Crane, president and CEO of power generator NRG Energy, said of the Solyndra situation at the Jefferies 2012 Global Clean Technology Conference in New York on Wednesday. "In all likelihood it will be a headline into a good part of the…Read more...

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