U.S. DOE Earmarks $256M in Stimulus Funds
WASHINGTON, D.C. -- The U.S. Department of Energy is providing $256 million in Recovery Act funds to support projects to curb consumption in energy intensive manufacturing and IT industries.
Energy Secretary Steven Chu announced Monday that the grants would be made available for projects in three key areas that affect major U.S. industrial sectors:
Emphasis in this area, which is to receive the lion's share of funding, will be on near-term solutions and technology for industrial and residential settings. Combined heat and power and district energy systems can attain efficiencies of 80 percent or more compared to about 45 percent for conventional heat and power production, the DOE noted in its announcement. It also said waste recovery systems can save 17 gigawatts of energy annually nationwide.
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