csp projects

Thirteen Concentrated Solar Energy Projects receive U.S. R&D Funding

The U.S. Department of Energy announced this month the selections of projects for investment of up to $62 million over five years to research, develop, and demonstrate Concentrating Solar Power (CSP) systems capable of providing low-cost electrical power. This funding will support improvements in CSP systems, components, and thermal energy storage to accelerate the market-readiness of this renewable energy technology. Accelerating breakthroughs in renewable energy technologies supports the Administration’s strategy of diversifying the U.S. energy portfolio to increase our energy independence while fostering a fast-growing clean-energy economy.

“Developing low-cost, renewable energy generation is crucial to meeting our nation’s increasing demands for electricity,” said Secretary Chu. “By investing in the development of low-cost solar technologies we can create new jobs and pave the way towards a clean-energy future.”