Advertisement
Advertisement
advertisement

Energy Department Announces $60 Million To Drive Affordable, Efficient Solar Power

Clean Energy Innovation Critical to Administration's Climate Action Plan

Building on President Obama's broad-based plan to cut carbon pollution and support clean energy innovation across the country, Energy Secretary Moniz announced today about $60 million to support innovative solar energy research and development. As part of the Department's SunShot Initiative, these awards will help lower the cost of solar electricity, advance seamless grid integration and support a growing U.S. solar workforce.

"The tremendous growth in the U.S. solar industry over the past few years is helping to pave the way to a cleaner, more sustainable energy future that protects our air and water and provides affordable clean energy to more and more Americans," said Energy Secretary Ernest Moniz. "Responsible development of all of America's rich energy resources is an important part of President Obama's Climate Action Plan and will help ensure America's continued leadership in clean energy innovation."

Lowering the Cost of Solar Through Hardware and Soft Cost Innovations

Over the last three years, the cost of a solar energy system has dropped by more than 70 percent – helping to give more and more American families and businesses access to affordable, clean energy. Today, Secretary Moniz announced a series of awards to further reduce costs – including soft costs like permitting, installation and interconnection– and to improve hardware performance and efficiency.

*Since 2007, more than 50 American start-ups have participated in the SunShot Incubator Program – attracting more than $1.7 billion in private sector backing, or nearly $18 for every $1 of government support. As part of today's announcement, the Energy Department is investing more than $12 million across 17 companies to help commercialize a wide range of technologies and services – from online tools that can map a rooftop's solar potential in seconds to automated installation systems for utility scale photovoltaic plants.

*The Energy Department is awarding approximately $16 million to four projects that will help develop solar devices that near the theoretical efficiency limits of single junction solar cells, or about 30 percent efficiency. The Department is also awarding about $7 million to develop stronger, more reliable solar components as well as dependable performance tests for microinverters and microconverters. They provide easier installation and more effective capture of energy for both photovoltaic and concentrating solar power systems.

Together, these awards are helping to accelerate breakthroughs in solar energy conversion efficiency and performance – driving further cost reductions.

Tags: ,
Advertisement
Advertisement

UPCOMING EVENTS

SolarQuarter Tweets

Follow Us For Latest Tweets

SolarQuarter Announcing Award Categories For 2019 At India's Biggest Smart Electric Mobility Event - https://t.co/tMEkj3W1FP
About 2 hours ago
SolarQuarter Sri Lanka Solar Week 2019 is almost here! Buy your ticket today https://t.co/HSLG4PzL8E See you on Aug 29, 2019!
About 6 hours ago
SolarQuarter Renewable Energy Investment and Finance Forum 2019 (REIFF) is almost here! Buy your ticket today… https://t.co/5ybeb4NILr
Wednesday, 21 August 2019 05:00