DOE Announces New Funding Program For Solar Energy Technologies
Several projects are aligned to reduce the solar energy systems expenditures in a broad range of technologies. This was announced by the U.S. Department of Energy (DOE) and later added that the projects will have a budget of $22.7 million.
The new projects are aimed to promote the future generation of manufacturing processes, services, and products to aid in stimulating the deployment and reduce the solar energy costs in the country. Several private sector companies will fund these programs and will also help to increase the number of jobs in the domestic solar power industry, as well as to increase the U.S. Solar energy manufacturing potentials. This is also a part of DOE’s Clean Energy Manufacturing Initiative that aims to encourage American competitiveness and support a secure domestic, clean energy manufacturing industry.
DOE’s Office of the Energy Efficiency and Renewable Energy expedites the deployment and advancement of renewable energy and energy efficiency plus market-based solutions that reinforce environmental quality, energy security, and economic stability.
For the first time, three funding programs have been combined into a single funding opportunity to bring modernization to the solar industry in the near future. The three separate funding programs include Solar Manufacturing Technology or SolarMat, Incubator, and Scaling Up Nascent PV at Home or SUNPATH. The SunShot Initiative’s funding program will bring significant breakthroughs in solar energy technologies and solutions through extensive researches. These will bring big development and will result in overcoming several challenges in the solar energy sector.
According to Dr. David Danielson, Assistant Secretary for Energy Efficiency and Renewable Energy, the new projects show that President Barack Obama’s administration continues to help the industry create and construct modern, innovative, and useful technologies that will maintain and improve the country’s solar leadership.
“The solar energy industry has been one of the fastest growing industries in the United States for the past five years. Costs are falling, deployment is booming, and factories are opening. As of the second quarter of 2015, total solar installed capacity in the U.S. Surpassed more than 22.7 gigawatts with approximately 785,000 solar projects operating across the country,” said Dr. Danielson.
The press release for this project stated, “The Tools, technologies, and services developed by these new projects aim to reduce the costs of technologies, including photovoltaics (PV), tracking systems, PV load and storage integration, grid monitoring, and power electronics – all while cutting soft costs related to customer acquisition, permitting, project siting, financing, interconnection, and inspection.”
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