November 11, 2011
Steven Chu U.S. Energy secretary An excerpt from Washington Post Live's recent Smart Energy conference. There's a huge opportunity before us: a global clean-energy market that's already worth an estimated $240 billion a year and growing rapidly. In fact, a very reasonable estimate, perhaps even conservative, is that solar photovoltaic systems alone represent a global market today of more than $80 billion a year. Eighty billion dollars is a lot of money. It's about as much as we spend on beer...
October 27, 2011 |
Energy Secretary Steven Chu was preparing to speak at a black-tie gala this month, and the hundreds of people milling about there were busy gabbing. Seeking to quiet the din, Chu called out "Solyndra, Solyndra, Solyndra," and people stopped to listen. He didn't mention the company again. Ever since Solyndra, a California manufacturer of solar panels, went bankrupt Sept. 5 with $535 million of federal loan guarantees, Chu and his Energy Department have been the focus of some...
September 30, 2011 |
When Steven Chu took the reins of the Department of Energy in 2009, he was entering an agency that needed to completely reorient its outlook — and fast. Until Chu arrived, the department's primary focus had rarely been on energy. The bulk of its budget had long gone toward maintaining the nation's nuclear weapons arsenal. But the 2009 stimulus bill gave the agency $39 billion for grants and loans to kick-start new clean-energy technologies. Chu had to grapple with a massive...
April 3, 2011
On April 20, 2010, BP's mile-deep Macondo well in the Gulf of Mexico blew out, exploding in an inferno that killed 11 men, sank the huge drilling rig Deepwater Horizon and led to America's worst oil spill. In this excerpt from his new book, " A Hole at the Bottom of the Sea: The Race to Kill the BP Oil Gusher " (Simon & Schuster), which will be published Tuesday, Washington Post staff writer Joel Achenbach describes the Obama administration's attempts to persuade a skeptical public that...
July 7, 2009
-- President Obama remains in Moscow, where he will deliver the commencement address for the 16th class of the private New Economic School. At the graduate school, Obama will outline his vision for U.S.-Russia relations. He will also meet during the day with Russian political and business leaders, beginning with a breakfast at Prime Minister Vladimir Putin 's dacha. -- Vice President Biden reveals the key findings of the administration's working group on food safety in an afternoon meeting at the Eisenhower Executive Office Building.
June 24, 2009 |
Not long after taking over as secretary of energy, Steven Chu called in the top officials working on a program that had been one of his department's top priorities: providing government loan guarantees for $80 billion in clean and renewable energy projects. Congress had authorized the program in 2005, made the first appropriation the year after, and by the time gas prices reached $4 a gallon last year, even the Bush administration was keen to move ahead. And yet by the time the new energy secretary called his team together...