Department of Energy to Invest up to $12 Million to Support Early Stage Solar Technologies

U.S. Department of Energy, January 20 2010

Washington, DC – U.S. Department of Energy Secretary Steven Chu today announced that the Department’s National Renewable Energy Laboratory (NREL) will invest up to $12 million in total funding - $10 million from the American Recovery and Reinvestment Act – in four companies to support the development of early stage solar energy technologies and help them advance to full commercial scale. The goal of this effort is to help further expand a clean energy economy and make solar energy more cost-competitive with conventional forms of electricity.

“Expanding the solar power industry in the U.S. can create new jobs, reduce carbon pollution and save consumers money,” said Secretary Chu. “By partnering with NREL, these companies will be able to gain from their expertise, accelerate the pace of innovation and help get technologies to market faster.”

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