In July of 2010, President Obama announced that just under two billion dollars would be given to Abengoa Solar and Abound Solar Manufacturing, solar energy companies that both have plans to build power plants in the US. President Obama granted the money to help stimulate job growth and show support for renewable energy.
Obama has just approved a 2012 budget for the Department of Energy that will set aside $457 million for solar energy.
The total amount of money that will be issued for energy in general is 29.5 billion dollars:
$341 million for biomass,
$102 million for geothermal energy,
$580 million for advanced technology vehicle research,
$5.4 billion for long-term clean energy research.
to name a few.
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