Solar companies receive $2 billion

By Eco Guy 6:32am 8th July 2010
Two solar companies have been awarded nearly $2 billion in Recovery Act funding for solar projects in three states.

During his July 3, 2010 weekly address, President Obama discussed the $2 billion in Recovery Act awards that have been made to two solar companies for projects in three states. The conditional commitments have been made to Abengoa Solar and Abound Solar and will help expand the United States’ clean energy capabilities.

Read the full posting here . Is it projected to create 5,000 new jobs.

What interested me is that they will be able to store the power they generate for future use, which overcomes one of the major problems with solar power.

Related Content Tags: solar power, solar energy

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