US Energy Department awards $17M to clean energy businesses

By VCPOST Staff Reporter

Mar 22, 2014 10:49 AM EDT

The US Department of Energy (DOE) wants to tackle the big problem of energy consumption. To do this, the US Office of Energy Efficiency and Renewable Energy (EERE) has invested $17 million in small businesses across 13 states that help accelerate clean energy, according to VentureBeat.

EIN Newsdesk cited EERE Assistant Secretary David Danielson saying: "Small businesses employ half of America's workers and create two out of every three new jobs in the United States. By supporting small businesses and driving American leadership in clean energy innovation, we can create new job and business opportunities, strengthen U.S. competitiveness in a growing global market and provide more clean, affordable energy to communities across the country."

Among the 17 companies that received the awarded cash is smart windows developer Heliotrope. Lightweight hydro turbine developer Amjet Turbine Systems, heat pump tech firm Sheetak, and hybrid electric car turbocharger developer Mainstream Engineering also received EERE investments, VentureBeat detailed.

The awarded money is part of the second phase of the Small Business Innovation Research (SBIR) program of the EERE. The companies are expected to produce a prototype of their clean tech product within two years, the report stated.

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