Angels Lending Group helps US Energy Department by providing finance to US based solar companies
May 17th, 2009“Angels Lending Group has decided to take on the financial problems of the US Energy Department by offering financing to US Based Solar Companies, in conjunction with the US Energy Department’s push for lenders to offer financing to renewable energies”
When Secretary of Energy Steven Chu talks about how Americans can break their addiction to oil and coal, he starts with his hi-fi amplifier. It’s so old that the on-off light burned out long ago. But inside lies a technology that — in its day — was as revolutionary as the changes needed to solve the nation’s current energy problems. (Source Jim Tankersley LA Times)
Chu, a Nobel Prize-winning physicist, and other experts say similar scientific breakthroughs are needed to make renewable power sources such as wind, solar and biofuels as cheap and easy to use as the costly, environmentally damaging oil and coal we depend on now. Toward that end, President Obama’s stimulus package contains $8 billion for energy research, including $400 million specifically targeted for game-changing technology.
The problem is that over the last three decades, the U.S. has spent many times that much on energy research and development — with nothing like a “transistor”
“It’s very easy to say we should spend more” on research, said Jeffrey Wadsworth, chief executive and president of the Battelle Memorial Institute, which manages several Energy Department laboratories. “What really needs to happen is more effective use of the money.”
Angels Lending Group has been pioneering the push for renewable energies by offering renewable energy projects financing who have adopted more proficient ways to answer these technological problems.
“It has to come from the private sector. The federal government is in a trillion dollar deficit and its stimulus package has 50 cents per US Dollar borrowed from foreign countries. In the meanwhile, the same people who had money in a good economy, have money in a bad economy. It’s up to us to make a contribution as good citizens of this country.” said Jayson Lopez, Vice President of Angels Lending Group.
Recently Angels Lending Group took into submission Sunvalley Solar Inc., which is scheduled to receive funding for its solar power activities in California.
Sunvalley Solar Inc. (hereby Sunvalley) is the first solar power technology and system design and integration company founded by Chinese-American professionals. It is a Corporation Limited registered in California started from January 2007.
Sunvalley consists of a seasoned management team, a group of outstanding Chinese-American scientists, a professional marketing/sales team and an experienced engineering team, which includes solar power system design engineers, solar power system installation engineers, electrical system design engineers and construction engineers.
“It starts with one project, and then it keeps on spreading. The more private companies we help get up and going, for the benefit of renewable energies, the more we can help our government get the new direction of this country moving.” said Jamie Stevenson, Senior Operations Advisor for Angels Lending Group.
