August 21st, 2009
How the federal dollars make their way to green tech companies
The EPA is handing over 16-million dollars for purchase of clean diesel machinery. One recipient is the port of Baltimore which got over 3-million. New diesel engines burn far cleaner than old diesel engines and they’re far more efficient that gas-powered.
Here’s the EPA release on the grant. The money will go for both land and water craft, from locomotives to boats.
Starting next year 2% of all diesel sold in the U.S. will be biodiesel. That’s going to be a boon to that particular green tech industry.
A newsman since 1969, Harry Fuller has worked for CBS, ABC, CNBC Europe, CNET and was founding news director at TechTV. See his full profile and disclosure of his industry affiliations.
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