Energy Department Announces $53 Million to Drive Innovation, Cut Cost of Solar Power
Building on President Obama’s Climate Action Plan to cut carbon pollution and continue U.S. leadership in clean energy innovation, Energy Secretary Ernest Moniz recently announced more than $53 million for 40 innovative research and development projects that aim to drive down the cost of solar energy, tackling key aspects of technology development in order to bring innovative ideas to the market more quickly. Supporting the development of next-generation photovoltaic (PV) solar technologies and advanced manufacturing processes, and addressing both hardware and non-hardware “soft” costs of solar installation, these awards reportedly support advancements that will help reduce the cost of solar energy and make solar electricity more affordable and accessible for all Americans.
“As U.S. solar installation increases and the cost of solar electricity continues to decline, solar energy is becoming an increasingly affordable clean energy option for more American families and businesses,” Moniz said. “Today, the U.S. has 15.9 gigawatts of installed solar power—enough to power more than 3.2 million average American homes. The projects announced today will help the U.S. solar energy industry continue to grow, ensuring America can capitalize on its vast renewable energy sources, cut carbon pollution, and continue to lead in the world in clean energy innovation.”
For more information, visit http://energy.gov.