When clean energy grants run out, will a 'green bank' take over?
When energy consultant Matthew Rogers moved to the Energy Department over a year ago, he had $36.7 billion in grants and loan guarantee authority from the 2009 American Recovery and Reinvestment Act to get out the door. Today, all but about $300 million has been committed to 5,000 winners in the awards competition. "My popularity continues to decline," Rogers said this week. After frustrating delays, the flow of the Recovery Act energy dollars is finally entering the economy.