Yesterday, from the White House, Vice President Biden released a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which outlines how the administration’s $100 billion investment in innovation has been, for the most part, money well spent. In his remarks, Biden highlighted four key areas where stimulus money was working:

•Modernizing transportation

•Jumpstarting the renewable energy sector

•Investing in groundbreaking medical research

•Building a platform that will enhance the private sector’s

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Today, on the fourth of July, the U.S. commemorated 234 years of independence from Great Britain.

We think it’s time for another declaration of independence – a declaration of energy independence.

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Today on the summer solstice — the day the sun shines in the northern hemisphere for the longest period of time all year — Applied Materials kicked-off its series of online conversations via Twitter with Mike Dabbs, Director of Government Affairs at Applied Materials by discussing the impact of comprehensive climate and energy legislation in the U.S.

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Although America once led the global race in clean tech innovation and investment, our country has been slipping behind the rest of the world for quite some time. Last year, China surpassed the U.S. in clean energy investment by an almost two-to-one margin, according to a recent report from The Pew Charitable Trusts. The other “Rising Tigers” in Asia are also nipping at our heels. Over the next five years, these countries will out-invest the U.S. in energy technology by at least three-to-one. That’s a scary prospect.

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Coming on the heels of the State of the Union address, in which the President made the indisputable link between job creation and clean energy, the White House’s announcement on Friday that the Federal Government will reduce its greenhouse gas emissions by 28 percent by 2020 is another encouraging step in the right direction.

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