U.S. Secretary of Energy Rick Perry Announces $105 Million in New Funding to Advance Solar Technologies

U.S. Secretary of Energy Rick Perry Announces $105 Million in New Funding to Advance Solar Technologies

The following press release was published by the U.S. Dept. of Energy, Office of Energy Efficiency & Renewable Energy on April 17, 2018. It is reproduced in full below.

* These projects will advance research on technologies that enable the seamless integration of solar energy onto the nation’s electricity grid. By supporting advances in power electronics, solar plus storage, and PV-integrated sensor technologies, the work will help ensure a smooth transition to a secure, reliable, and resilient grid of the future.

TOPIC 2: Concentrating Solar Power (CSP) Research and Development (up to $24 million, ~21 projects)

* These projects pursue innovative CSP concepts and technology solutions that enable the solar industry to reach DOE’s 2030 levelized cost of electricity (LCOE) targets for CSP, including $0.05 per kilowatt-hour for systems with greater than 12 hours of onsite storage. Research in CSP will focus on advancing elements found in CSP subsystems, including collectors and thermal transport systems for advanced power cycles, while pursuing new methods for introducing innovation to CSP research.

TOPIC 3: Photovoltaics Research and Development (up to $27 million, ~28 projects)

* These projects support early-stage research to increase performance, reduce materials and processing costs, and improve reliability of PV cells, modules, and systems. These projects support DOE’s efforts to lower LCOE to $0.03 per kilowatt hour from utility-scale systems by 2030, which is half the cost of utility-scale solar today.

TOPIC 4: Improving and Expanding the Solar Industry through Workforce Initiatives (up to $8.5 million, ~4 projects)

· These projects will pursue innovative initiatives that prepare the solar industry for a digital future while also increasing the number of veterans and participants in the solar industry.

Within each of the technology areas, DOE will fund projects that develop and test new ways to accelerate the integration of emerging technologies into the solar industry value chain and expand private sector engagement supporting energy innovation, especially those related to financing and commercialization.

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Source: U.S. Dept. of Energy, Office of Energy Efficiency & Renewable Energy

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