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March 03, 2005
More $$ in northwest for energy entrepreneurs
The Northwest Energy Effeciency Alliance comes up with $100M more for energy effeciency projects.
Northwest Power Industry Commits $100 Million for Efficiency
The Northwest Energy Efficiency Alliance announced last week that it will receive $20 million each year over the next five years to support its efforts to increase energy efficiency in the region. The funds will come from the Bonneville Power Administration, electric utilities, and public benefit funds—state funds generated through a fee on electricity to support public benefits such as renewable energy and energy efficiency. The $100 million investment will support market-based energy efficiency programs throughout Idaho, Montana, Oregon, and Washington.
Since the Alliance began in late 1996, energy efficiency efforts in the Northwest have saved the region an estimated 130 megawatts of electricity through 2003. The Alliance programs encourage appliance manufacturers and retailers to make and sell more efficient products, encourage commercial building designers to adopt practices that yield high-performance buildings, and promote new and innovative energy-saving technologies to industries in the Northwest. By 2010, the Alliance and related efforts are expected to save enough electricity to offset the need for two new power plants in the region, reducing carbon dioxide emissions by about 2 million tons. See the Alliance press release.
They have been known to fund early stage start ups as well. If you have a business plan around energy effeciency, send it over!
Posted by Martin at March 3, 2005 10:46 AM
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