US Department of Energy pours in $13M into solar manufacturing firms

December 18
1:23 AM 2013

Last week, the US Department of Energy (DOE) awarded $13 million for five solar companies that implement solar manufacturing projects. The said projects also aim to make affordable solar power more accessible and more efficient, according to Clean Technica.

The $13 million comes from the DOE's SunShot Initiative. The awards are aimed at enhancing US competitiveness in the multi-trillion-dollar clean energy market, the report said.

During President Barack Obama's first term, electricity from wind, solar and geothermal sources have more than doubled. Obama had recently set a target of doubled renewable electricity generation by 2020. The new SunShot awards are geared toward helping achieve that goal. The awards are also backed by more than $14 million in further private investment, the report detailed.

The awardees include five companies from California, Georgia, Colorado, Oregon, and Pennsylvania. These firms work to develop cost-effective manufacturing processes for concentrating solar power (CSP) and photovoltaic technologies. Abengoa Solar from Colorado is one of the SunShot awardees, Clean Technica reported.

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