US energy secretary announces new office of technology transitions to help facilitate financing by connecting would-be investors with clean-energy firms
With $4bn and a new government office, the White House has unveiled its latest clean energy initiative and cast a subtle new role for the federal government: not only is it a funder of new research, of the latest solar converter or biofuel source, but it is also a market builder.
“One of the real challenges is the gap in financing clean energy,” said Ernest Moniz, US secretary of energy, at a press conference on Monday. “There is a continuing need for new capital investment.”