The US Department of Energy (USDOE) has approved $105m in funding to improve solar technologies in the country.
The funds will be provided to nearly 70 projects to make advancements in solar photovoltaic (PV) and concentrating solar thermal power (CSP) technologies through DOE’s Solar Energy Technologies Office (SETO).
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The financing will also be provided to secure integration of those technologies into the nation’s electricity grid, as well as support the efforts for preparing a workforce that will cater to the solar industry’s future needs.
US Secretary of Energy Rick Perry said: “American ingenuity is the engine of our energy economy. Investing in all of our abundant energy sources, including solar technologies, will help to drive down costs and ensure that the nation leads the world in energy production and innovation.”
SETO’s funding programme will primarily focus on four main areas, namely Advanced Solar Systems Integration Technologies, Concentrating Solar Power (CSP) Research and Development, Photovoltaics Research and Development (R&D), and Improving and Expanding the Solar Industry through Workforce Initiatives.
For the Advanced Solar Systems Integration Technologies, SETO will be providing up to $46m in funding to support 14 projects, and for CSP R&D it will be offering nearly $24m to support 21 projects.
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By GlobalDataSETO will be providing nearly $27m to finance Photovoltaics R&D activities and up to $8.5m for Expanding the Solar Industry through Workforce Initiatives.
