US Department of Energy will Invest $2 Billion in Solar Power


President Obama announced the Department of Energy would invest about $2 billion in conditional funding to two solar energy companies, Abengoa Solar and Abound Solar Manufacturing. Nice idea that should have started 10 years ago! But, we were busy working on a plan to attack a wrong country called Iraq.

The good thing is that investing in renewable energy was always a top priority for Obama and he was very clear on this throughout his campaign and even once he became President. So this investment is to be expected.

Projects funded by this move are expected to create more than 5,000 construction and permanent jobs.

Abengoa Solar based in Arizona, will produce enough energy to power 70,000 households and will save the environment from about 475,000 tons of CO2 each year. Most of the development and permitting for Solana is already complete, and the project has a green light from the Department of Energy (DOE), as well.

Here’s the President Obama’s announcement on YouTube over the weekend:

This is all good news. We need to do as much as we can in as short a time as possible to get off carbon fuels. This journey has just started but its pointless giving tax breaks to oil companies that take no responsibility and destroy the environment with their lack of responsibility. Other countries around the world are well ahead of the US – we need to catch up and surpass them – now.

While the administration is doing their best (voted for them or not), we  can contribute a lot here as well. It takes personal sacrifices which I don’t think it will be very easy for most Americans.

Here are the sacrifices at my end. Actually, I wouldn’t call it sacrifices; I have been much healthier since I adopted to my new life style 🙂

I stopped buying bottled water and beer. Stick with red wine only.  I don’t turn the lights on in my apartment until sunset. I walk or ride my bike to work instead of driving unless I have to move something I can’t carry, and I can carry a lot. I make sure that my kids consolidate their needs to be taken places so we work the trips into a single outing if possible. I buy local and organic whenever possible. This one is really extreme, I stopped eating beef because I heard from a very trusted friend that the cattle emit enormous amounts of methane while chewing their cud and breathing, more than many other methane sources, and that methane is actually worse than carbon emissions for the environment. Besides, red meat isn’t good for you anyway. I can’t imagine the amounts of methane the cows release once they fart 🙂 🙂 🙂

So, that’s some of it, please help by doing what you can!

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About Elias Shams
I have been a serial entrepreneur in telecom and social media space for past 12 years or so. I hold a M.S. degree in Telecommunication Engineering from the George Washington University and a B.S. degree in Electrical Engineering from the University of Maryland. I’ve lived and worked in many countries and cities including London England, Tehran Iran, Bonn Germany, Paris France, Alicante Spain, Delhi India, and my favorite of all Washington, DC of great US of A. Two of the greatest Washington, DC based companies I worked for and very proud of are Yurie Systems which was sold to Lucent in 1998 for $1.23 B and telezoo.com that I founded in 1999. I am currently the founder and awesomizer @ awesomize.me

2 Responses to US Department of Energy will Invest $2 Billion in Solar Power

  1. yes but none of it will bring IT Jobs to DC… more companies are moving out of DMV area than are hiring. I lost my job to Austin TX because their mayor offered $1.5M tax incentives for company to relocate. I think Maryland should have countered that deal. They lose 120 jobs!

    • Elias Shams says:

      Sorry about the Job loss. The way I look at this whole job loss thing, it is the same thing you must have heard many times before – We were inherited this mess. And, mess like these, takes years to get fixed.

      As for the IT jobs, there are ton of IT companies are moving their HQ to DC metro including Lockheed Martin. We blogged about it on AwesomeDC.

      Did you also check out our Job listing page? from the “About DC” category, select Jobs and see if you can find anything interesting

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