This is looking like a packed week for climate change regulation and government spending meant to remake the energy industry — the Department of Energy just announced new funding for very early stage energy projects, and there will be major debates in the Senate over the climate bill in the coming days. And to kick off the week, Secretary of Energy Steven Chu plans to make an announcement at Google headquarters this morning around 11AM.
Update: For a look at some of the interesting comments from Chu and Schmidt read here.
We’re not sure what the news is, but immediately after Chu’s announcement, Google CEO Eric Schmidt plans to do a fireside chat. Chu could very well be discussing some of the details of the Advanced Research Projects Agency-Energy, Arpa-E, (more details on that from Josie this morn). Google has pledged to spend its own money on very early stage clean power and energy efficiency projects to help bridge the gap between science experiment and commercial product.
Chu could also have more information about the $3.4 billion in stimulus funds for smart grid projects that will be announced soon. The New York Times says Chu plans to discuss the smart grid stimulus funds, which “would be matched by as much as $5 billion in private spending,” at a speech tomorrow in Florida. Google has developed its own energy software management tool, PowerMeter, and has been working on a smart grid product with General Electric.
We’ll be covering the news from GOOG HQ, so check back here for more details from the event.