The company will use the award to develop a hybrid solar converter that would allow expensive solar cells to be used in an inexpensive converter. The technology could enable utilities to provide dispatch-able, on-demand, solar electricity at low cost.
“The United States is becoming a global leader in solar and we’re seeing more and more Americans rely on affordable, clean solar energy to power their homes and businesses.” said United States Secretary of Energy, Ernest Moniz, in a press release. “The Energy Department is working across the industry to help our country’s top engineers, scientists and entrepreneurs bring new solar innovations to market faster.”
11 other companies were also awarded funds for projects aimed at developing new hybrid solar energy converters and hybrid energy storage systems that can deliver low-cost, high-efficiency solar energy on demand.
