‘We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together,” President Obama promised in his inaugural address. “We will harness the sun and the winds and the soil to fuel our cars and run our factories.”
He wasn’t kidding. The stimulus package adopted last week included: $8 billion in loan guarantees for wind and solar projects, $4.5 billion for “smart grid” upgrades, $6.5 billion to help the Bonneville and Western Area Power Administrations upgrade their grid to ferry renewable energy from remote regions, and $600 million to help the Department of Defense convert facilities to wind and solar. We’re on our way.
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