DOE to Invest up to $24 Million for Breakthrough Solar Products. TheSietch.org, August 12, 2008. "John Mizroch [of the Department of Energy] announced [Tueday] that DOE will invest up to $24 million in FY 2008 and beyond -- subject to the availability of funds -- to develop solar energy products to significantly accelerate penetration of solar photovoltaic (PV) systems... DOE has selected 12 industry teams to participate in cost-shared cooperative agreements focusing on conceptual design of hardware components, and market analysis. For these 12 winning projects, $2.9 million total in DOE funding is leveraging $1.7 million in industry cost-share. The plan is to award additional contracts in FY 2009 and in the out years… for projects demonstrating the most [commercially] promising technology advancements... When [they] are combined with the overall industry cost share of up to $16 million, more than $40 million in total could be invested in [them], with future federal funding subject to [Congressional] appropriation. The Department's Sandia National Laboratories in Albuquerque, NM will provide project management support."
2008-08-13
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