President Obama commits over $467m in Recovery Act Funding for geothermal and solar energy projects

US President Barack Obama has announced over $467m from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy throughout the US. The funding represents a substantial down payment that will help the solar and geothermal industries overcome technical barriers, demonstrate new technologies, and provide support for clean energy jobs for years to come, according to the US Department of Energy.