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Clean Energy Investment Initiative Surpasses Goal

More than $4 billion has been raised from foundations, institutions, and long-term investors to push the total amount of the Clean Energy Investment Initiative to more than double the initial request.

The funds, from organizations including the Sierra Club, the Clean Energy Trust, Goldman Sachs, and the University of California, will be used to create a Clean Energy Investment Center under the Department of Energy.  The center will be charged with providing research and analysis, creating an information-sharing network between the public and private sectors, and identifying new technology.

The Small Business Administration will also be using some of the funds  to support the development of clean energy technologies for businesses.  This program, the Early Stage Small Business Investment Company program, will also give funds to companies looking to use clean technology.

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