Solar energy industry reaches its cost goal in the US

Solar Energy Costs Goal

DOE report shows that the solar energy has achieved its SunShot Initiative goal The U.S. Department of Energy has released a new report that shows that the solar energy industry has achieved its 2020 utility-scale cost goal. The goal was set by the SunShot Initiative, a federal endeavor that calls for the adoption of solar power. The solar energy industry was able to achieve this goal well ahead of schedule due to the rapidly declining cost of photovoltaic technology. Currently, the average cost of utility-scale solar power is 6 cents…

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Solar energy company receives funding from the Department of Energy

US Solar Energy Funding

P4P Energy wins $1 million in funding from the SunShot Initiative P4P Energy, a company that specializes in solar energy, has won $1 million in funding from the SunShot Initiative. The initiative is part of the Department of Energy’s ongoing effort to promote clean power. Through this program, the federal government provides funding for a wide range of solar energy projects. These projects are meant to bolster the adoption of solar energy, which has become a very popular form of clean power throughout the United States. Company to use funding…

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DOE to invest $46 million into the solar energy sector

Solar Energy Investment - Sunshine and coins

Solar energy projects to receive funding from the SunShot Initiative The U.S. Department of Energy has announced that it will be investing $46 million into 48 solar energy projects throughout the country. The investments will be made through the SunShot Initiative. The program is meant to provide support for solar energy projects in an effort to bolster the adoption of clean power. For years, the SunShot Initiative has driven innovation in the solar sector by providing adequate support for ambitious projects. Program aims to make solar power cost competitive by…

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MIT researchers seek to understand price reductions in solar energy

MIT research team awarded $1.3 million grant through SunShot Initiative Researchers from the Massachusetts Institute of Technology (MIT) have been awarded a $1.3 million grant from the Department of Energy’s SunShot Initiative. The grant will be used to fund the study of why the cost of solar energy has been going down so rapidly. The study will also determine how costs will continue to fall in the future. The solar sector has been experiencing tremendous growth in recent years, and this is partly due to the falling cost of photovoltaic…

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DOE announces support for six new solar energy projects

Agency will provide $18 million to support six solar energy projects The U.S. Department of Energy has announced $18 million in funding for six new solar energy projects. The projects are meant to enable the development and demonstration of integrated, scalable, and low cost photovoltaic technologies. The projects will also focus on energy storage for homeowners that are interested in using renewable energy systems. The funding from the Department of Energy will help the projects take form and, potentially, find success. Projects will seek to improve solar technologies and energy…

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Southern Research to study new storage solutions for solar energy

Southern Research partners with Department of Energy for new energy storage project Southern Research has partnered with the Department of Energy for a $3 million study into energy storage systems that are used at facilities that have solar panels installed on their property. The project will take place over the next three years and is part of the overarching SunShot Initiative. The federal SunShot Initiative is designed to encourage the increased adoption of solar energy systems and efficient energy storage solutions. New sorbent is being used to develop a thermochemical…

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Solar energy research wins backing of DOE

Solar energy affordable

More funding comes to solar energy research The U.S. Department of Energy has announced a new round of funding for research and development of alternative energy. This funding is part of the federal government’s SunShot Initiative, which aims to boost the adoption of solar energy and the quality of its associated technologies. Funding issued by the federal agency will be split among seven projects in six states. These projects will be making use of a new “Big Data” analytical tool that is designed to accelerate the deployment of solar energy…

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Solar cell efficiency research gains more support from DOE

Solar energy - solar cell research

Solar cell efficiency funding increased Efficiency has long been a concern when it comes to the matter of solar energy. Solar cells are becoming a more attractive technology because of their acclaimed capabilities in efficiency, but solar cell efficiency has yet to reach a level that can be considered viable for widespread use. The U.S. Department of Energy has issued more funding in order to add momentum behind research concerning solar cell efficiency. These funds are expected to help in the production of record-breaking solar cells that could change the…

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