Government Gives Wood Its Due as Biomass Source

Reuters
Wed Jun 17, 2009 10:34am EDT
By Zaher Karp - Matter Network

Several projects receiving funds from the American Recovery and Reinvestment Act, drive home new approaches to creating energy from wood. The Department of Energy announced that biomass and wood energy received significant stimulus funding -- will waste wood and wood chips become the new bargaining chips?

In total, $57 million in grants were announced, with the lion's share going to wood energy ($49 million) and $8 million to biomass initiatives, which may support new developments like algae. Biomass makes up 3-percent of U.S. power generation, but account for more than 10-percent globally (according to Profit on the Peak)-- as a cleaner source of power taking advantage of waste wood rather than forests.

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