Department of Energy makes $9 million investment in solar energy project

Solar panel

The United States Department of Energy announced they will make a $9 million investment to accelerate the speed of solar energy deployment. According to the department, the investment will reach across seven data-driven projects in an effort to discover opportunities to reduce costs and speed up the process of initiating solar energy in the United States.

The projects are part of the DOE's SunShot Initiative to transform the operations of solar researchers, manufacturers, developers, installers and policymakers.

Teams of researchers from Sandia National Laboratories, the National Renewable Energy Laboratory, Yale University and the University of Texas- Austin will receive $7 million as part of the department's investment, according to Renewable Energy Magazine.

The magazine reported the projects will take place in several different states including California, Colorado, Connecticut, Massachusetts, North Carolina and Texas. The projects offer the opportunity to change the operations surrounding solar power, and will help speed up the commercialization and deployment of affordable, clean solar energy in the United States.

“Projects like these will help accelerate technological and financing innovations- making it easier for American families and businesses to access clean, affordable energy,” said Steven Chu, the department's energy secretary.

Learn more about the solar power market outlook in the United States at PennEnergy's research area.

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