Funding & Incentives
- Category: Funding & Incentives
31 Jan 2013
- Published on Thursday, 31 January 2013 09:14
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The U.S. Department of Energy will provide $9 million worth of funding to seven data-driven projects across six states as part of its SunShot Initiative. These new projects - located in California, Colorado, Connecticut, Massachusetts, North Carolina and Texas – will help scientists, project developers, installers and communities to unlock new opportunities to step up the commercialization and deployment of solar energy in the country.
Of the investment, $7 million will be allocated to research teams led by Sandia National Laboratories, the National Renewable Energy Laboratory, Yale University and the University of Texas – Austin. These teams will work with public and private financial institutions, utilities and state agencies to apply statistical and computational tools to industry problem-solving and lead regional pilot projects across the U.S. to assess the impact and scalability of the innovations.
The other $2 million will be used for three projects by the University of North Carolina – Charlotte, Massachusetts Institute of Technology and SRI International to examine decades’ of scientific publications, patents and cost and production data. With these projects, researchers are expected to get a comprehensive view of the U.S. solar industry and learn methods to fast track technological developments and eliminate barriers to greater cost reduction.
“Through powerful analytical tools developed by our nation’s top universities and national labs, we can gain unparalleled insight into solar deployment that will help lower the cost of solar power and create new businesses and jobs,” said Energy Secretary Steven Chu.
“Projects like these will help accelerate technological and financing innovations – making it easier for American families and businesses to access clean, affordable energy.”
The SunShot Initiative is a joint national effort aimed at making solar energy cost-competitive with other energy sources by 2020. It has so far created a new momentum for the solar industry by emphasizing the need for the U.S. to be competitive in the global clean energy race. – EcoSeed Staff