The DOE Announces $125 Million In New Solar Funding

The U.S. Department of Energy made an announcement today, the 5th of February, that it is investing $125.5 million in support of further enhancements in solar power and other renewable resource technologies.

” Were thrilled about these brand-new financing opportunities for eco-friendly power, transportation, energy effectiveness, and manufacturing. We look forward to working with the National Labs and personal sector partners to advance clean, economical, and trusted energy for American households and services.”– Daniel R. Simmons– Assistant Secretary of Energy Efficiency and Renewable Energy.

This financial investment will, more specifically, go towards improving the dependability of the countrys grid, creating a more robust American manufacturing environment, and helping to further reduce the cost of solar.

The essential goals consist of:

The big picture is that the solar market is ripe for enormous expansion as it is right now. Numerous just are still not aware of how much it makes sense to go solar right now.

Photovoltaics (PV) Hardware Research– $15 million for 8-12 projects that intend to extend PV system lifetimes and lower hardware expenses of planetary systems made of silicon solar cells, as well as brand-new technologies like thin-film, tandem, and perovskite solar cells.Integrated Thermal Energy Storage and Brayton Cycle Equipment Demonstration (Integrated TESTBED)– $39 million for 1-2 jobs that will develop a test website to speed up the commercialization of supercritical co2 power cycles, a key part of affordable concentrating solar power plants.Solar Energy Evolution and Diffusion Studies 3 (SEEDS 3)– $10 million for 6-8 jobs that will analyze how information flows to stakeholders to make it possible for more effective decision-making about solar and other emerging innovations, such as energy storage.Innovations in Manufacturing: Hardware Incubator– $14 million for 7-9 tasks that will advance ingenious product ideas from a model to a pre-commercial phase, with a go for items that support a strong U.S. solar manufacturing sector and supply chain.Systems Integration– $30 million for 7-11 projects that will develop durable neighborhood microgrids to keep power throughout and restore power after man-made or natural disasters, enhance cybersecurity for PV inverters and power systems, and develop innovative hybrid plants that run collaboratively with other resources for enhanced dependability and resilience.Solar and Agriculture: System Design, Value Frameworks, and Impacts Analysis– $6.5 million for 4-6 jobs that will advance the innovations, research study, and practices required for farmers, ranchers, and other agricultural enterprises to co-locate solar and agriculture.Artificial Intelligence Applications in Solar Energy with Emphasis on Machine Learning– $6 million for 8-12 jobs that motivate collaborations between professionals in AI and solar market stakeholders to establish disruptive solutions across the value chain of the solar industry.Small Innovative Projects in Solar (SIPS): PV and Concentrated Solar Power (CSP)– $5 million for 15-20 projects that advance innovative and unique ideas in PV and CSP that can produce substantial outcomes within the first year of efficiency..

While an initial reaction to this announcement must be favorable, its likewise worth keeping in mind that the current administration has not exactly been the most encouraging of the renewable resource industry. They are big advocates of trying to bring back coal (which will not occur) and being generally beneficial to the fossil fuel market. It can likewise be said that $125 million is a very percentage considering the overall annual readily available budget plan.

Heres to additional support for the solar market, and more importantly, the execution of solar tasks today!

The huge image is that the solar industry is ripe for huge expansion as it is right now. Lots of simply are still not aware of how much it makes sense to go solar right now.

— Daniel R. Simmons– Assistant Secretary of Energy Efficiency and Renewable Energy.