04 Sep '11, 6pm

Low Cost Solar Power Gets $145 Million Boost from SunShot Initiative

Low Cost Solar Power Gets $145 Million Boost from SunShot Initiative

Another big chunk of funding will go to overcome cost and efficiency barriers that are keeping promising prototypes for new solar cell technology locked away in the laboratory (new technology that performs well in the lab prototype phase tends to lose a lot of efficiency when translated into a production model). Four other categories of awards are going to smart grid development, next-generation photovoltaic technology, the aforementioned administrative streamlining, and the “SunShot Incubator” to leverage private investment. Ironically, the Incubator is an expanded version of a program that began under the Bush administration. DOE credits it with generating $1.3 billion in private investment from only $60 million in public funding for solar projects.

Full article: http://cleantechnica.com/2011/09/04/low-cost-solar-power-...

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