The US Department of Energy (DOE) is to funnel $42m into projects involved in photovoltaic solar technology. As part of the SunShot Initiative from the Office of Energy Efficiency and Renewable Energy, the DOE will financially back 40 projects with the intent to improve photovoltaic performance, manufacturing, and reliability. In addition to the agreed funding, the DOE intends to add $23m in funding for forthcoming research into solar energy and development projects that could aid with the speedier integration of solar tech. “Solar power has been a key component of our nation’s clean energy portfolio since its inception, but it remains an untapped resource,” said Secretary Steven Chu.
The US Department of Energy (DOE) is to funnel $42m into projects involved in photovoltaic solar technology. As part of the SunShot Initiative from the Office of Energy Efficiency and Renewable Energy, the DOE will financially back 40 projects with the intent to improve photovoltaic performance, manufacturing, and reliability. In addition to the agreed funding, the DOE intends to add $23m in funding for forthcoming research into solar energy and development projects that could aid with the speedier integration of solar tech. The SunShot Initiative also intends to lower the cost of utility-scale solar electricity by $0.06/KWh by 2020.