Princeton Power Systems to make 2-MW inverter using US govt grant
Nov 27, 2012 - US Princeton Power Systems (PPS) said Monday it had won a grant from the US Department of Energy (DoE) to develop a 2-MW inverter that lowers the cost for solar systems.
The contract was awarded under DoE's SunShot Initiative’s Incubator programme which supports the growth of start-ups and business units within existing firms to speed up work on innovative solar technology, the power converters maker explained.
Princeton Power has added two direct current (DC) ports to the inverter to make it a six-port inverter to help the DoE cut solar energy system costs and encourage the use of renewable energy technologies. The development offers direct 13.8 kV grid connection without the use of a 60 Hz isolation transformer. It is also expected to help the DoE reach its goal to make the total installed cost of solar power USD 1 (EUR 0.77) per Watt, Princeton Power said.
Last week, the DoE provided USD 10 million in grants to back 10 solar projects focused on technologies that aim to cut the cost of solar energy. Since 2007 it has poured over USD 92 million through the SunShot programme.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.