The US Department of Energy announced $46.2 million for 48 projects as part of its Sunshot Initiative. The projects span the programs »Photovoltaics Research and Development 2« (PVRD2), which will advance research in solar photovoltaic technology; and Technology to Market 3 (T2M3), which supports early-stage solar technology research. In addition, cost share requirements will leverage additional private sector funding, yielding a total public and private investment of nearly $65 million.
The »Photovoltaics Research and Development 2« program will support 28 projects with $20.5 million. These projects will investigate new solar concepts that have the potential to be broadly applied across the industry. The program is the latest of Sunshot’s efforts to fund early-stage research and development designed to make solar one of the most cost-efficient energy sources in the nation, says the Department. The »Sunshot Technology to Market 3« program will support 20 projects with $25.7 million. T2M3 selects solar energy technologies and focuses on research to address early-stage, pre-commercial risk reduction.
»The Sunshot Initiative is a proven driver of solar energy innovation,« said Sunshot Initiative Director Charlie Gay. »These projects ensure there’s a pipeline of knowledge, human resources, transformative technology solutions, and research to support the industry.«
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