Feb 21, 2012 - Last year the Department of Energy launched its wide-ranging SunShot Initiative to reduce the cost of solar power by 75 percent by the end of this decade. To do so it’s helping fund innovations across all parts of the solar industry to reduce technology and integration costs and speed deployment of solar.
Most recently it issued two new funding opportunities, totaling up to $22 million. Up to $10 million will support concentrating solar power system advancements and, more recently, up to $12 million for the Solar Incubator Program. The incubator program’s goal is to reduce the cost of installed solar to $1 per watt by 2020.
The Solar Incubator Program has been in existence since 2007 and is in its seventh round of funding, according to DOE spokesperson Chris Kielich.
“Each round is at a different stage of development. Rounds one and two are completed and have produced many successful technologies,” said Kielich. “PrimeStar was an awardee in 2007, now reaching commercial deployment at large scale with a $600 million investment from General Electric in a Colorado plant.”
The third round of funding under the program is nearly complete. The third round has resulted in three technologies that currently hold world records for efficiency in their respective areas, Kielich said. read more>>>