July 15, 2009
The U.S. Department of Energy (DOE) today announced plans to provide up to $52.5 million to research, develop, and demonstrate Concentrating Solar Power systems capable of providing low-cost electrical power both day and night. Today’s announcement underscores the Obama Administration’s commitment to creating jobs and saving money, making electricity generated from solar energy competitive with conventional grid electricity.
“Low-cost renewable energy generation that includes energy storage is one key to our efforts to diversify domestic energy sources and create new jobs,” Energy Secretary Steven Chu said. “By investing in the development of low-cost solar technologies we can pave the way toward faster deployment of carbon-free, large-scale energy sources.”
Filed under: Energy, Funding, entrepreneurship
