Clean Energy Cos. Scramble For $30B In DOE Backing

Law360, New York (August 7, 2009, 2:07 PM EDT) -- With billions in federal loan guarantees just put up for grabs and aggressive environmental and economic goals in place, the U.S. Department of Energy is pushing companies and researchers to take fast action to deploy game-changing green power.

Once criticized for being too slow in handing out federal assistance for clean energy projects, the DOE, under Secretary Steven Chu, has sped up the game for companies developing energy-efficient technology, renewable-energy and biofuel sources, and smart-grid applications, announcing July 29 that it would begin inviting solicitations for...
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