DOE Invests $12M into Solar Project Development

DOE Invests $12M into Solar Project Development

Clean energy is getting more funding from the Department of Energy, launching four solar partnerships through the National Renewable Energy Laboratory.

Energy Secretary Steven Chu announced Wednesday that four solar companies are getting $12 million to transition prototype and pre-commercial photovoltaic technologies into pilot and full-scale manufacturing.

Alta Devices, Solar Junction, Tetra Sun and Semprius will each get $3 million from DOE, to make solar energy more cost-competitive with conventional forms of electricity.

“Expanding the solar power industry in the U.S. can create new jobs, reduce carbon pollution and save consumers money,” Chu said in a statement.  “By partnering with NREL, these companies will be able to gain from their expertise, accelerate the pace of innovation and help get technologies to market faster.”

Through the Recovery Act, DOE is investing more than $117 million in developing and deploying solar energy technologies.

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Comments (16)

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