Atlantic Energy Solutions Positioned Perfectly for Economic Stimulus Bill
Thursday February 19, 9:15 am ET
SARATOGA SPRINGS, N.Y.--(BUSINESS WIRE)--Atlantic Energy Solutions, Inc. (OTC:AESO - News) is looking forward to its role with the stimulus bill, which is also known as the Economic Recovery and Reinvestment Act of 2009 as it contains a significant amount of money being allocated for increased energy efficiency and green technologies.
According to Tim Brock, CEO for Atlantic Energy Solutions, “As a company, we’ve worked hard during the past ten years to deliver on the green technology objectives established by our school district, local municipality, community colleges, and nursing home facility customers to provide exactly the kind of energy efficiencies and green technologies being presented in the stimulus bill. As a proponent for these services and the jobs they can create in any given community, we are working closely with national advocacy groups such as the National Association of Energy Services Companies (www.naesco.org) which includes energy firms such as Constellation Energy Group (CEG), Honeywell International (HON), and Johnson Controls (JCI). We have also teamed with Impact NJ, a NJ based strategic lobbying firm, so that we can engage on the opportunities that the stimulus bill represents in complimenting the objectives of our customers.”
The stimulus bill funds for energy efficiency will primarily flow through the US Department of Energy (www.energy.gov), to state, and then to local governments to implement the programs. The amounts listed below represent some of the proposed expenditures over the next two-year period:
$1 billion for loans and grants to institutions for energy efficiency audits and projects to support energy audits in each state each year.
$500 million for industrial CHP and waste heat recovery – a new area.
$6.2 billion for Weatherization Assistance Programs – up from $350 million.
$3.5 billion for Energy Efficiency and Conservation Block Grants – another new program.
$3.4 billion for the State Energy Programs administered by state energy offices – up from about $50 million.
$20 billion to educational facilities ($14 billion for K-12 schools and $6 billion for higher education) for renovations, energy efficiency and renewables.
”Atlantic Energy has been very active in several coalitions that have advocated for these programs through the years. Our vast experience working with municipalities gives us a leg up over many of our competitors and positions us to take maximum advantage of the new funding that may soon be flowing into energy efficiency and green technology. As we continue to work with school and government officials in this area, we look forward to providing these benefits to our customers,” said Atlantic Energy CEO, Tim Brock. |
