October 25, 2011
As part of the U.S. Department of Energy's SunShot Initiative, Energy Secretary Steven Chu today announced a $60 million investment over 3 years for applied scientific research to advance cutting-edge Concentrating Solar Power (CSP) technologies. CSP technologies use mirrors to reflect and concentrate sunlight to produce heat, which can then be used to produce electricity. Funded through DOE's Office of Energy Efficiency and Renewable Energy, this research supports
DOE's SunShot Initiative, a collaborative national effort to reduce the cost of solar energy 75% to make it cost competitive with other forms of energy by the end of the decade. DOE's SunShot investments in solar energy research will encourage rapid, widespread adoption of solar energy systems across the country, help the solar power industry overcome technical barriers and reduce
costs, boost U.S. competitiveness in the worldwide market for solar technologies, and provide support for clean energy jobs for years to come.
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