Whether referred to in the context of “energy independence,” “climate change,” or “economic stimulus,” energy, with its related issues and opportunities, is clearly the buzzword for the years ahead. President Obama has made his objectives in the field of energy clear and is now backing these plans up with real incentives. These create opportunities for research, development, commercialization and, eventually, meaningful benefits to the consumer. Understanding the legislation can provide the research and business community with insights on where to focus resources and efforts.
Recent legislative and administrative actions have created a cornucopia of opportunities. These opportunities are available to generators of energy, businesses and consumers. Most are in the form of tax credits, but others afford direct funding opportunities, particularly if related to the capability of the transmission grid or research and development of new technologies. Some provide the means to shift tax credits from entities that may not directly benefit from those credits to others that would benefit substantially.
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