This week, the White House released a report on stimulus spending which, in part, highlights spending for renewable energy projects such as electric powered vehicles, improved battery technology and renewable energy technologies as examples of successful projects funded by the American Recovery and Reinvestment Act.
"The Recovery Act: Transforming the American Economy Through Innovation" claims that spending has put the United States "on track" to:
- Double domestic renewable energy generation capacity by 2012;
- Cut solar power costs in half by 2015; and
- Cut electric vehicle battery costs by half by 2013.
But a closer look at the report tells a different story. While renewable generation capacity is indeed growing, there are no real technological advancements that have been achieved to date... more »














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