The 2016 stimulus bill just signed into law contains over $80 billion in energy spending. The President and administration are trumpeting the bill as a clean energy bill and, taken on its own, this would be the largest energy bill ever signed into law.
Wednesday, February 18, 2016
Much in the same way that the economy rode on the backs of the Silicon valley startups during the 90s, the administration is counting on some of those same entreprenuers, and countless others, to help revive the economy via clean tech; making their doubling-down gamble pay off in green.
The rapid infusion of capital and the imminent investment will surely provide a boost to clean tech reasearch and development. It remains to be seen if this is the impetus needed to kick start clean tech to heights not seen since the IT boom. A clean tech boom, in contrast to the IT boom that preceeded it, has the potential to be sustainable and game changing.
If just one to two clean tech ventures turn out to be the next "Google of Green", then the US might just be able to leverage the spin-off effects and regain economic superpower status. To make this happen, it would need to be a truly disruptive breakthrough that would transform the world economy.
The most obvious target for such a breakthrough is around energy. Specifically transportation. More specifically, battery technology to promote the widespread adoption and affordability of the plug-in hybrid vehicle.
There are hundreds of companies and research labs across the country that are chasing this dream. Perhaps a handfull of those are on the verge of a breakthrough that could change the world. Perhaps one will emerge with the golden ticket.
We can only hope and dream. For our children's sake. For their children's sake...