$100 million cash windfall allows NREL to hire 100
Wednesday, January 2, 2008
The National Renewable Energy Laboratory in Golden is hiring 100 highly paid scientists and support staff - a reflection of the country's push to advance solar, wind and biomass technologies.
The new positions will be funded by a $100 million cash infusion into NREL six months ago after Congress approved a measure to increase the Energy Department's funds by $500 million in fiscal 2007. NREL employs about 1,000 people.
That midyear infusion, the highest in the lab's history, boosted its budget by 50 percent to $309.6 million last year.
It's a reversal of the budget cuts and layoffs the lab has suffered in the past few years.
"I can't believe it," said Tom Clark, executive vice president of Metro Denver Economic Development Corp., referring to NREL's hiring spree - the most the lab has seen in recent memory.