U.S. Department of Energy Announces $12 Million in Funding Available for Solar Innovations
The SunShot Incubator program assists start up companies and business units within larger companies to develop advanced solar technologies
Story content courtesy of release from The U.S. Department of Energy
As part of the Obama Administration's blueprint for an American economy built to last, U.S. Energy Secretary Steven Chu announced over $12 million to speed solar energy innovation from the lab to the marketplace through the Energy Department's SunShot Incubator program. The funding will accelerate American innovation in solar energy and manufacturing by supporting advancements in hardware, reductions in soft costs, and the development of pilot manufacturing and production projects.
SunShot Incubator funding will support innovations in the development of hardware and non-hardware approaches from the proof-of-concept stage to prototype demonstration, including advances in photovoltaics, concentrating solar power and power electronics, as well as streamlined permitting, inspection and financing approaches, and to shorten the timeline for awardees to transition innovative prototypes produced at lab-scale into pilot and eventually full-scale manufacturing, production, or deployment. Each of the investments will require significant cost-share commitments from the awardees.
Applications are due on April 9, 2012. For more information and application requirements for the Funding Opportunity Announcement, including the informational webinar on March 5, please visit https://eere-exchange.energy.gov/#467b6123-63b9-48b0-b738-46f0fa961356.