Department of Energy Announces $102M in Solar Funding

doe2Last week, the U.S. Department of Energy announced programs that will lead to spending of more than $102 million to support clean energy, according to the Los Alamos Daily Post. More than half of that money — $52 million – will be used in 22 projects with commercial entities, non-profits, universities and national laboratories. The goal of those projects is to make solar energy more accessible and affordable. The other $50 million will be used to support the photovoltaic sector as it seeks to fulfill and surpass the SunShot initiative, which aims to reduce the cost of solar energy and promote the technology.

The breakdown includes $7 million for six projects aimed at solar reliability and predictability; $32 million for 14 projects to lower cost for solar concentration; $13 million for two projects to cut red tape and expand solar access and $50 million to fund solar innovation.

The private sector is also involved in solar research. Silicor Materials, a Silicon Valley startup, last week raised $108 million to fund a factory in Iceland that will build 16,000 solar panels per year, according to Fortune.

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