$12 Million Funding Opportunity to Spur Solar Innovation
- Wednesday, 15 February 2012
Through the DOE's SunShot Incubator program, over $12 million in funding is available to accelerate innovation in solar energy and manufacturing - supporting advancements in hardware, reductions in soft costs, and the development of pilot manufacturing and production projects.
The SunShot Incubator program helps launch new startups and business units within existing companies to accelerate the innovative solar technology development. Since 2007, DOE has invested $60 million through the Incubator in promising technologies as they are brought from the lab to the marketplace. These investments have catalyzed $1.6 billion in private sector support. The federal investment in these projects has been leveraged at a rate of more than 26-to-1.
This SunShot Incubator funding will support innovations in the development of hardware and non-hardware approaches from the proof-of-concept stage to prototype demonstration, including advances in photovoltaics, concentrating solar power and power electronics, as well as streamlined permitting, inspection and financing approaches, and to shorten the timeline for awardees to transition innovative prototypes produced at lab-scale into pilot and eventually full-scale manufacturing, production, or deployment. Each of the investments will require significant cost-share commitments from the awardees.
Applications are due on April 9, 2012. For more information and application requirements, visit the Funding Opportunity Exchange website.