Solar tech makers to receive $13 million for growth
Adjust font size:
Manufacturing News, Source : The Manufacturer US
Published : 12 Oct 2006 23:02
US Department of Energy (DOE) Secretary Samuel W. Bodman has announced more than $13 million to fund new research in solar technologies.
This funding, part of President Bush's $148 million Solar America Initiative, will support the development of more efficient solar panels, known as photovoltaic devices.
"This investment is a major step in our mission to bring clean, renewable solar power to the nation," Secretary Bodman said. "If we are able to harness more of the sun's power and use it to provide energy to homes and businesses, we can increase our energy diversity and strengthen our nation's energy security."
A pillar of President Bush's Advanced Energy Initiative, the Solar America Initiative aims to make solar power cost competitive with conventional electricity sources by 2015, by developing materials that convert sunlight directly to electricity.
In his 2006 State of the Union address, President Bush announced the Advanced Energy Initiative (AEI), which seeks to reduce our dependence on foreign sources of energy. To achieve this objective, the AEI includes a 22-percent increase in funding for clean energy technology research at DOE. The President's FY 2007 $148 million request for the Solar America Initiative is a $65 million (78%) increase over the current appropriation, to accelerate the development of semiconductor materials that convert sunlight directly to electricity.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 – TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) – Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...