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Tuesday, September 23, 2008
US DOE Commits US$67.5 Million to 15 Solar Energy Projects
The U.S. Department of Energy (DOE) has announced that 15 projects have been selected for negotiation of award under the Funding Opportunity Announcement (FOA), Advanced Heat Transfer Fluids and Novel Thermal Storage Concepts for Concentrating Solar Power Generation. These 15 new projects, for up to approximately $67.6 million, will facilitate the development of lower-cost energy storage for concentrating solar power (CSP) technology.

According to the DOE announcement, the projects support President Bush's Solar America Initiative, which aims to make solar energy cost-competitive with conventional forms of electricity by 2015. As the lead agency for President Bush's Advanced Energy Initiative, DOE is spurring widespread commercialization and deployment of clean solar energy technologies.

"Harnessing the natural and abundant natural power of the sun and more cost-effectively converting it into energy has enormous potential to help reduce greenhouse gas emissions and provide greater stability in electricity costs," DOE Acting Assistant Secretary for Energy Efficiency and Renewable Energy John Mizroch said.

CSP systems utilize the heat generated by concentrating and absorbing the sun's energy to produce electric power. A CSP plant with storage can operate during periods of intermittent sun and produce electricity for extended periods without the sun. With thermal storage, the CSP plant is also able to better match its electricity production with demand. This enables solar power to be provided to homes and businesses whenever needed, day or night. In addition, thermal storage can lower the levelized cost of electricity from a CSP plant.

Selected projects are expected to promote DOE's goal of reducing the cost of CSP electricity from 13-16 cents per kilowatt-hour (kWh) today with no storage to 8-11 cents/kWh with six hours of storage by 2015, and to less than seven cents/kWh with 12-17 hours of storage by 2020.

Proposals were selected from the following categories:

DOE has selected seven companies and six universities for funding under this award. In total, DOE will provide up to $35 million over four years, subject to annual appropriations; with cost-share, the total public-private investment will be up to approximately $67.6 million for the selected projects:

Advanced Heat Transfer Fluids Research and Development


Thermal Energy Storage Research and Development

Thermal Energy Storage Near-Term Demonstration



Source: DOE press release, 19 September 2008


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