DOE Announces Nearly $170M In Available Funding To Advance Solar Energy Technologies

As part of the Department of Energy's SunShot Initiative, Energy Secretary Steven Chu announced recently nearly $170M in available funding over three years to support a range of solar photovoltaic (PV) technology areas. The SunShot Initiative aims to reduce the total cost of solar energy systems by about 75 percent – to roughly $1 per watt – before the end of the decade. The research and development funding announced recently will support four areas of investment, including improving the efficiency and performance of solar cells; developing new installation – or balance of systems – technologies; advancing solar energy grid integration; and researching new materials and processes for solar PV technologies. Together, these investments will help reduce the cost for utility-scale solar energy installations, increase American economic competitiveness, and help the U.S. lead the world in the global market for solar photovoltaics.

"These investments will drive innovation in the solar energy field – laying the groundwork to meet our SunShot goal of dramatically reducing the cost of solar energy nationwide and helping America to win the race to produce the most cost-effective, high-quality photovoltaics in the world," said Secretary Chu. "A robust American solar industry will boost our technological leadership and competitiveness, improve the nation's energy security, create skilled manufacturing jobs, and help reach the President's goal of doubling our clean energy in the next 25 years."

Author: Zhejiang Haining Tiange Solar Energy Science Technology Co., Ltd.
website:http://www.sunnyrainsolar.com/
main product:Solar energy,Solar water heater,Solar collectors