What are the Best Sources of Government Funding for Alt Energy?

On January 12, 2012 in Hartford, CT, a “gathering of minds” was held about the latest investment opportunities, business insights and funding strategies in Renewable Energy. This program was presented by the Crossroads Venture Group (CVG), the Connecticut Center for Advanced Technology (CCAT), and the Northeast Electrochemical Energy Storage Cluster (NEESC). Presenters included: -Charles Meyers of Trenergi Corp, producer of PEM fuel cells for residential application -Murali Sethumadhavan in new business development for the Rogers Corporation and renewable energy investor -Patrick O’Neill, senior investment associate for Connecticut Innovations Click here for info on similar, upcoming events presented by CVG: cvg.org — 2011 was a record year for global investment in renewable power and fuels. The outlook for 2012 in the US is less certain for wind-generated power and incentives for solar-generated power set to expire. Will tax credits for wind generation be renewed in 2012? Legislation that made renewable energy projects eligible for the Production Tax Credit (PTC), a credit of 2.2 cents per kilowatt-hour of energy produced by a wind farm, expires in 2012. The PTC for solar installations doesn’t expire until 2016, but the 1603 program, part of the 2009 stimulus that converted tax credits for renewable energy directly to cash payments, faces stiff opposition from House Republicans. Could this be good news for the much smaller but still flourishing renewable segments …