Nashua, NH — The U.S. Energy Department (DOE) announced $20 million in new funding for two to four projects that will help integrate concentrating solar power (CSP) systems with fossil fuel power plants. The DOE seeks applications from industry, universities, and national laboratories.
These hybrid systems leverage the infrastructure of fossil fuel plants such as turbine and transmission systems, helping to reduce the cost of solar-generated electricity and bring CSP plants online quicker. The projects selected will work to design, build and test cost-competitive integrated CSP-fossil fuel power generating systems.
The new funding aims to overcome near-term market and technological barriers for cost-effective CSP hybrid system implementation. Additionally, CSP hybrid technology may help enable further cost reductions in stand-alone CSP projects and spur innovations across the broader concentrating solar power supply chain.
If interested, act quickly as a letter of intent is due by Jan 14, 2013 with the full application due in mid-March, 2013.
For more information on the funding, click here.
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Lead image: CSP Plant via Shutterstock