RENO – President Barack Obama highlighted Nevada’s renewable energy sector today with a visit to the heat-to-energy company ElectraTherm, in northern Nevada.
In front of a backdrop of “green machines,” Obama touted plans to end $4 billion in subsidies for oil companies in favor of providing incentives for renewable energy companies.
“Instead of subsidizing yesterday’s energy sources, let’s invest in tomorrow’s,” Obama said. “I want companies like Electra Therm to set up shop in America, and hire American workers, and build American products.”
The investor-funded company is the type of firm Nevada business groups and government entities have been trying to incubate in Nevada. ElectraTherm has benefited from grants from the federal Department of Energy.
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