The alternative energy ATM is almost depleted.
The Department of Energy has already allocated $32.7 billion of the $36.7 billion in funds given to it under the American Recovery and Reinvestment Act, according to this fun applet on the DOE site. That leaves $4 billion, or a little more than ten percent. $4 billion. That wouldn't even cover holiday bonuses on Wall Street. But it was fun while it lasted.
Energy Secretary Steven Chu will to give out some more in Columbus, Ohio tomorrow.
At the end of last month, $28 billion had been allocated, according to Matt Rogers, the senior advisor to Chu. In the short run, the DOE will evaluate how well the stimulus worked to create jobs. Over the long term, the focus will shift to whether it helped created ongoing businesses. One key area to watch will be to see how the companies that received ARPA-E grants for advanced research performed.




