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Home Deal Tracker

U.S. Government Announces $56 Million for Solar Manufacturing and Commercialization

DOE investment in solar manufacturing and recycling aims to increase clean energy sources and job availability

Ye Y by Ye Y
July 25, 2022
in Deal Tracker, Industry Research
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Overview

Through the U.S. Department of Energy (DOE), The Biden administration announced a $56 million investment in the solar manufacture and recycling. To achieve the Biden administration’s goal of 100% clean electricity by 2035, the funds will be split into two parts to stimulate solar manufacturing and recycling, and commercialization of solar manufacturing technology. These funds will make clean energy more affordable and reliable, create good-paying jobs, and strengthen U.S. economic growth and competitiveness.

In addition, the DOE announced $18 million in funding for seven proposed national laboratory projects through the technology commercialization fund to overcome commercialization challenges for department-backed technologies.

Support Solar Recycling and Manufacturing

$29 million of the funds goes to support the reuse and recycling of solar technology. It also supports the development of photovoltaic module designs that can reduce manufacturing costs and advances projects to manufacture photovoltaic cells made from perovskite. The funding opportunity also supports projects to develop PV module designs that reduce manufacturing costs, as well as those that advance the manufacturing of PV cells made from perovskites. $10 million of the project’s total financing comes from the Bipartisan Infrastructure Law.

“Thanks to President Biden’s Bipartisan Infrastructure Law, DOE is able to invest in our nation’s innovators so they can improve manufacturing and strengthen the domestic solar supply chain—lowering energy bills for Americans and businesses and driving toward an equitable clean energy future.”

Jennifer M. Granholm
U.S. Secretary of Energy 

Develop Commercialization of New Solar Technologies

The remaining $26 million will go to manufacturing incubators and support programs aimed at commercializing new technologies. These new technologies could expand private investment in U.S. solar manufacturing. Funding is available for projects that ready new technologies and manufacturing processes for commercialization and demonstrates solutions that can boost domestic manufacturing of thin-film PV made from cadmium telluride.

 

Source: United States Department of Energy

 

Tags: clean energyinvesting in solarrenewable energyus energy
Ye Y

Ye Y

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