SunShot Launches $60 Million in DOE Money to Improve Solar

SunShot has leveraged $104 million in taxpayer dollars into $1.7 billion in private investment.

A new $60 million investment into the SunShot Program by the U.S. Department of Energy will extend the federal government’s commitment to bringing solar costs down.

“Over the last three years, the cost of a solar energy system has dropped by more than 70 percent,” DOE Secretary Ernest Moniz said in announcing the awards. The new investments will back more programs that reduce “soft costs like permitting, installation and interconnection” and “improve hardware performance and efficiency.”

The SunShot Program, initiated by the DOE in 2007, has leveraged $104 million in federal money to generate more than $1.7 billion in private sector investment. It has incubated the emergence of 58 U.S. startups. That is, according to the DOE, almost $18 of private sector buy-in for every dollar of taxpayer support.

The long-term SunShot vision is for the U.S. to get 14 percent of its electricity from the sun by 2030 and 27 percent by 2050.

More than $12 million of the new federal investment was awarded to support seventeen companies working to get their technologies and services across the Valley of Death that separates concept and commercialization, including:

Another $16 million went to four efforts to advance solar cell efficiency:

Grants totaling $7 million were provided to improve solar PV and CSP systems and power electronics. Recipients included:

 

Eight awards, totaling $8 million, were invested toward a more seamless integration of renewables into the grid (see GTM Research’s Grid Edge report for more on this topic):

Five educational consortia were awarded a total of $15 million to support curriculum development and job training for the “next generation of energy engineers, system operators and utility professionals.” Recipients included:

Finally, $1 million went to Delaware State University and the University of Texas at San Antonio to grow solar energy research and education opportunities for minority students.