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Proposed Clean Energy Deployment Administration Signals Senate's Commitment to Growth of Green Energy Sector, According to Coalition for Green Bank

Posted on: Thursday, 14 May 2009, 08:41 CDT

WASHINGTON, May 14 /PRNewswire-USNewswire/ -- The Coalition for Green Bank recognizes the Clean Energy Deployment Administration, recently introduced by Committee chairman Jeff Bingaman (D-New Mexico) and ranking member Lisa Murkowski (R-Alaska) as a bi-partisan commitment to reducing America's reliance on foreign sources of energy while lowering the amount of greenhouse gases we emit as a country. Introduced by the Senate Energy and Natural Resources Committee, this legislation would create an independent agency within the Energy Department, designed to provide credit in the form of loans and loan guarantees to support green technologies that reduce carbon dioxide emissions and help diversify the US energy supply.

"We have certainly witnessed a groundswell in the halls of Congress towards the recognition that clean energy and associated technologies are the principal catalysts that will help us reach the goal of an energy independent America," said Todd Filsinger, co-chair of the Coalition for Green Bank. "Senators Bingaman and Murkowski's proposal, as well as the recent introductions of the 21st Century Energy Technology Deployment Act by Reps. Jay Inslee and Steve Israel, and the Green Bank Act by Rep. Chris Van Hollen all indicate that Congress believes that the U.S. government must play a crucial role in freeing up the lending markets to fund the projects critical to realizing this goal. The actions of each of these estimable members of Congress should be commended."

Reed Hundt, co-chair of the Coalition said, "Our coalition is delighted with the Senate Energy Committee's action to further a 'green bank' that would assure predictable, low, and consistent financing for the grand conversion from carbon sources to renewables as the future of our economy."

About the Coalition for Green Bank

The Coalition for Green Bank is a consortium of leaders in energy development enterprises including renewable resource developers, original equipment manufacturers, investors, financial advisors and consultants dedicated to the stimulus of green energy assets for clean and sustainable energy and jobs, and economic development. The CGB is proud to have the support of the Pickens Plan, Mesa Power, General Electric, Cavallo Energy, US Department of Energy, RES-Americas, American Wind Energy Association, Clean Economy Network and many more.

The CGB comprises of co-chairs Todd Filsinger (PA Consulting Group) and Reed Hundt, steering committee members Monty Humble (Mesa Power Group, LLC), Phillip P. Gennarelli (Cavallo Energy), Kenneth Marks, Alan Fleischmann, Harrison Wellford (Terrawell Energy), Michael Hoffman (Riverstone Holdings LLC), Mike Gergen (Latham & Watkins), William Gleason (Chinook Energy) and coalition members Ben Rogers (Grid Storage Technologies), Bruce Thompson (US Mainstream Renewable Power Inc.), Dave Chen (Equilibrium Capital Group), Gilbert Barnes (Greencore Capital), Harold Borden (Cavallo/Cross Hudson), Howard R. Berke (Konarka Technologies, Inc.), Jason Scott (EKO Asset Management Partners), Jeanine Hull (Dykema), Jeffrey King (Clean Economy Network), John E. Mullen (AMB International Finance, LLC), Josh Becker (New Cycle Capital), Joshua Greene (Patton Boggs), Kristian Hanelt (Tioga Energy), Larry Leete (Kanepi Innovations), Larry Rayman (Gas Turbines International, LLC), Mark Patkunas (Higher Power Energy, LLC), Michael Bruce (Manifest Energy Group), Michael Peck (MAPA Group), Michael Telford (Greencore Capital), Mitchell Dong (Mohave Sun Power LLC), Preston Read (RecycleBank), Raymond J. Albright (AMB International Finance, LLC), Robert Marsh (Mohave Sun Power LLC), Scott E. Jorgensen (Solarsa, Inc.), Steve Boyd (Boyd Strategies), Steve Taub (GE Energy Financial Service), Thomas R. Rosen (Green Amperage Partners, LLC), Tom Casey (CURRENT Group, LLC), Paul Kaplan (Senior Advisor to the Secretary of Finance and Administration, Commonwealth of Kentucky), Bob Jones (Alston & Bird) and William G. Morin (Applied Materials).

SOURCE Coalition for Green Bank

Source: PR Newswire

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