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U.S. Department of Energy to Invest up to $13.7 Million in 11 Universities for Breakthrough Solar Energy Projects

April 11, 2008 /

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11 Projects selected from universities across the country

The U.S. Department of Energy (DOE) today announced that DOE will invest up to $13.7 million, over three years (Fiscal Years 2008 – 2010), for 11 university-led projects that will focus on developing advanced solar photovoltaic (PV) technology manufacturing processes and products.

These projects are integral to President Bush’s Solar America Initiative, which aims to make solar energy cost-competitive with conventional forms of electricity by 2015. Increasing the use of solar energy is also critical to diversifying our nation’s energy sources in an effort to reduce greenhouse gas emissions and dependence on foreign oil. Combined with a minimum university and industry cost share of 20%, up to $17.4 million will be invested in these projects.

Full Story: http://www.doe.gov/news/6071.htm