Governor signs bill in support of emerging renewable energy industries
Arizona Governor Jan Brewer has signed SB
2370, a bill that creates individual and corporate income tax
credits for research and development, production and delivery
system costs associated with solar liquid fuels. SB 2370 also
specifies that qualified research includes only research conducted
in Arizona, including research conducted at a university and
paid for by the taxpayers. It is in effect from 2011 to 2026.
A signing ceremony, hosted by Arizona State University president
Michael Crow, was held at ASU’s Research Park.
Gary Dirks, director of LightWorks, an ASU initiative focused
on solar-based energy and other light-inspired research, said
passage of the bill is great news for the future of Arizona and
the renewable energy industry in the United States.
Similar to photosynthesis, solar liquid fuel refers to the process
by which concentrated solar energy is used in conjunction with
carbon dioxide and water to create hydrocarbons. In addition
to creating combustible fuels like methanol and ethanol, additional
processing can potentially yield more traditional fuels like
gasoline, diesel and jet fuel.
ASU is leading a national team of researchers that has submitted
a proposal to the United States Department of Energy to become
an Energy Innovation Hub. The $122-million Hub will explore the
research and development of fuels from sunlight and will support
cross-disciplinary research and development focused on the barriers
to transforming energy technologies into commercially viable
materials, devices and systems. ASU partners in the LightSpeed
Solutions project include Sandia National Laboratories, Princeton
University, Yale University and the University of Minnesota.