Energy Dept. awards Ohio $38.4M for energy plan - Dayton Business Journal:

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Matt Rogers, a senior advisetr for the , announced Friday afternoon that Ohio has been clearedrfor $38.4 million in federal stimulue funding through the department’s State Energy The stimulus legislation approved in Februaryu set aside $3.1 billion for the 13-year-old program, with Ohio set to eventuallyu receive $96.1 million. The state in April received 10 percent of that with Friday’s announcement bringing it to the 50 percent mark. The second half of the Energty Department’s State Energy Progra funds is to be released when states meet milestonees set by the stimulus Mark Shanahan, Gov.
Ted Strickland’s energgy adviser, said in a conference call with reporteras Thursday that the fundswill “help lay the foundation for an energy-baseds economy that Ohio needs in order to come out of the currenft recession and begin recovery.” The state’s plan for distributingb the funds, as Shanahan outlined • The largest $35 million, will support efforts to develol renewable energy in Ohio. Thosde awards, Shanahan said, won’t solely support the development of renewable energy facilities but also will help manufacturers in the stat e that make component parts forthe industry.
$30 million will be set aside as loans for manufacturers in the renewableenergy industry. The state pland to require leveraging the loans withprivate • $15 million will be funneled towarfd helping businesses line up carbon emissiones with tightening federal standards. Along those lines, an additional $500,00o0 is being set aside to help the state develop what Shanahan callsits “carbon management strategy.” • $8 millioh is headed toward residential and commercial • The remaining $7.6 million covers administrativ e and other costs. The state is handling applicationd for the stimulus fundsd through its Web siteat recovery.ohio.gov.