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Category Cottages
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Created 2015-02-03
Owner sanny111
Title DOE Supports Solar Power Innovation, Expense Reductions With $53M in Grants
Description Earlier this week Department of Energy (DOE) Secretary Ernest Moniz mentioned the federal government would support continued analysis into reducing the costs of solar further by way of extra than $53 million in grants, which will support 40 solar powered analysis and development (R&D) projects. The projects are aimed at reducing the price of solar energy through technology development. 2KW inverter (Img Source:2KW inverter) “Today, the U.S. has 15.9 gigawatts of installed solar power-enough to energy additional than 3.2 million average American homes,” Moniz stated. However to increase the opportunities for much more U.S. citizens to go solar or use solar energy the prices must continue to drop. The DOE has perilously produced larger investments in solar, however now that the costs have dropped, the amounts DOE is investing in future R&D is also dropping. Last year around this time it announced $60 million in R&D funding.SunShot solar photo. Courtesy SunShot Initiative The projects will support R&D in next generation solar technologies, manufacturing processes at the same time as hardware and non-hardware soft costs of solar installation aimed at further reducing costs. “As U.S. solar installation increases along with the expense of solar electricity continues to decline, solar power is becoming an increasingly affordable clean power option for far more American families and businesses,” said Secretary Moniz. “The projects announced today will help the U.S. solar power sector continue to grow, ensuring America can capitalize on its vast renewable power sources, cut carbon pollution, and continue to lead inside the planet in clean energy innovation.” By way of the awards DOE announced extra than $14 million to 10 analysis institutions. Those grants will support R&D aimed at improving the performance, efficiency, and durability of solar PV devices. The study will explore new high-performance materials, novel techniques to develop less costly, additional efficient solar cells. The DOE may also invest extra than $14 million into the SunShot Incubator program. Those funds will support innovations at 20 small businesses aimed at reducing hardware and non-hardware costs for solar electric systems. Moreover, the DOE will support advanced manufacturing jobs with $24 million in grant funds to 10 solar manufacturers inside the U.S. Those funds are targeted to help increase efficiency in solar manufacturing processes to reduce costs of photovoltaics and concentrating solar power (CSP) used to make PV and CSP technologies. Learn how a solar inverter's efficiency can affect your energy investment by 5KW Solar Inverter
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