Pennsylvania boosts its economy with investments in green technology
Pennsylvania Governor Rendell announced plans to invest in green technology projects within his state to boost the economy, get people back to work, and save his electorate money. He sounds a bit like the President.
Governor Rendell announced these plans yesterday.
The Governor said the state’s support for 49 projects will leverage nearly four times as much in private investment, create jobs, clean the environment, and save consumers tens of millions of dollars a year in energy costs.
Two grants, $7.2 million through the Energy Harvest program and $6.5 million through the Alternative Fuels Incentive Grant program, plus more than $53.1 million in private investments will be used to fund various projects that will span 25 Pennsylvania counties.
Although these projects are only expected to create a measly 77 jobs, hopefully the projects will expand to create many more jobs in the future. Previous investments in alternative energy projects by Pennsylvania are expected to create over 10,000 new jobs and bring in 3.5 billion in private investment from green technology companies.
The real results of the current projects should be lower energy costs for the citizens of Pennsylvania. The expected savings per year are:
- 25.1 million kilowatt hours of electricity or generating it from clean technologies, which is enough to power more than 2,500 homes in Pennsylvania.
- 250.1 million gallons of diesel or #2 heating oil.
- 37,564 million British thermal units of natural gas.
As a further bonus for Pennsylvanians, the new investments should also clean the air. Two-hundred-thirty-nine tons of sulfur dioxide, 24,000 tons of nitrogen oxides and 2.5 million tons of carbon dioxide should be eliminated from the air by using the new technologies.
Overall, Governor Rendell jump started and is continuing alternative energy initiatives in his State to improve the economy and lives of his citizens. Hopefully other governors will follow his lead.
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November 18th, 2011
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