States’ cash good news for green businesses

By Kevin Matthews

Seven states and U.S. territories learned earlier this week they will soon receive cash flow for plans that prioritize energy savings, create or retain jobs, increase the use of renewable energy, and reduce greenhouse gas emissions.

The Obama Administration awarded more than $162 million for the state energy programs, according to a press release from the U.S. Department of Energy. Activities eligible for State Energy Program funding include energy audits, building retrofits, education and training efforts, transportation programs to increase the use of alternative fuels and hybrid vehicles, and new financing mechanisms to promote energy efficiency and renewable energy investments.

Any green business would do well to stay abreast of when and where these funds flow and the subsequent opportunities they provide. Solar energy companies and energy efficient window manufacturers are just a couple of the types of businesses that stand to benefit from stimulus spending such as this. And the opportunities will continue to be plentiful as more money becomes available.

Kevin Matthews is Director of Energy and Environment for NSI where he runs the sector operations and works with clients on sustainable solutions for interfacing with state and local governments. Prior to joining NSI, Mr. Matthews held various positions with the U.S. Environmental Protection Agency where he worked for Administrator Carol M. Browner and served as both Special Assistant and Senior Congressional Liaison.