US govt to back solar power, grid technologies with USD 45m

Author: 401(K) 2012 on Flickr, CC BY-SA 2.0

August 13 (Renewables Now) - The US Department of Energy (DoE) on Wednesday said it has awarded USD 45 million (EUR 38m) to advance the local manufacturing of solar energy and electric grid technologies.

In total, the DoE has allocated financing to three sets of projects.

The one that got the largest amount involves the creation of an industry-wide, public-private consortium co-led by the National Renewable Energy Laboratory (NREL), the University of Washington and the Electric Power Research Institute. This consortium will focus on advancing research on grid-forming inverters.

Separately, nine solar hardware and manufacturing projects will receive USD 14 million in total. Their goal will be to reduce the cost of solar technologies and to help integrate more of that power source into the grid.

Last but not least, some USD 6 million will go for the development of sensor hardware and system designs to provide utilities with an understanding of how much renewably energy is being produced by residential and commercial solar plants.

(USD 1 = EUR 0.852)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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