DOE to Award $100M to CleanTech Research
Apparently the Recovery Act hasn't dried up yet, and green technology will get a big slice of the pie. The Department of Energy will award up to $100 million to clean tech research through the Recovery Act funds announced Steven Chu, the U.S. Secretary of Energy, at the Research Projects Agency-Energy (ARPA-E) Energy Innovation Summit last week in Washington, D.C.
There will be three classifications of green technologies that will be eligible for this round of funding: Grid-Scale Rampable Intermittent Dispatchable Storage, which involves storing energy on a large scale, Agile Delivery of Electrical Power Technology, or the development of better power switching and conversion, and Building Energy Efficiency Through Innovative Thermodevices, which involves building management technology for efficient climate control.
This announcement is good news to green engineering companies, who have seen such DOE funding pay off. For example, Bright Source Energy received $1.37 billion to finance three solar thermal plants and Sun Catalytix received $4 million to develop its technology, that uses sunlight to split water for a solar fuel, from prototype into a "real live technology."