Energy Department Announces Up to $107 Million for Innovative Projects and New Funding to Advance Solar Technologies
Recently the Energy Department announced up to $107 million in new projects and planned funding in order to support America’s continued leadership in clean energy innovation through solar technology. Under the Office of Energy Efficiency and Renewable Energy’s (EERE) SunShot Initiative, the Department will fund 40 projects with a total of $42 million to improve PV performance, reliability, and manufacturability, and to enable greater market penetration for solar technologies. In addition to the new projects announced today, the Department intends to make up to $65 million, subject to appropriation, in additional funding available for upcoming solar research and development projects to continue driving down the cost of solar energy and accelerating widespread national deployment.
One of SunShot’s goals is to drive down the levelized cost of utility-scale solar electricity to $0.06 per kilowatt-hour without incentives by 2020. The projects and new funding announced today aim to reach costs well below that threshold, furthering the Obama Administration’s commitment to advancing solar technology as a resource for clean energy in America’s low-carbon economy.
“Since 2008, the commitments made by the Department of Energy have contributed to solar PV’s deployment growing 30-fold and overall costs falling more than 60%,” said Under Secretary for Science and Energy Franklin Orr. “Continuing to invest in solar technologies will help to drive down costs even further for American consumers and ensure that the U.S. maintains global leadership in this century’s clean energy economy.”