US awards $30m for low-cost hybrid solar

Posted at February 7, 2014 » By : » Categories : News » Comments Off on US awards $30m for low-cost hybrid solar

US awards $30m for low-cost hybrid solar

Posted on 07 February 2014 by Priyanka Shrestha

The US Government is awarding funding worth $30 million (£18.4m) to develop low-cost hybrid solar energy technologies that provides power even when the sun isn’t shining.

It includes developing advanced solar converters that turn sunlight into electricity for immediate use while also producing heat that can be stored for later use.

A total of 12 projects will share the cash, which was given through the Advanced Research Projects Agency-Energy (ARPA-E).

Energy Secretary Ernest Moniz said: “The Energy Department is working across the industry to help our country’s top engineers, scientists and entrepreneurs bring new solar innovations to market faster. The ARPA-E projects announced today are exactly the type of innovative technologies we need to keep breaking through barriers – advancing lower cost, highly efficient solar power.”

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