DOE To Invest US $60 Million in CSP

The U.S. Department of Energy (DOE) announced that is has issued a Solar Funding Opportunity Announcement (FOA) for up to US $60 million in funding over five years (Fiscal Years 2008-2012), which includes US $10 million in FY 2008 appropriations and US $10 million in the FY 2009 Budget request. The funding will be used to support the development of Concentrating Solar Power (CSP) technology.

The FOA will make funding available for projects from the industry and academia that develop advanced thermal storage concepts and heat transfer fluids to further increase the efficiency of concentrating solar power plants. The DOE anticipates making 10-25 awards through this competitive solicitation. With a minimum 20% cost share by the private sector for research and development phases and a minimum 50% private cost share for final demonstration phases, the total research investment in advanced solar technologies under this solicitation is expected to be more than US $75 million.

Applications for this solicitation are due on or before Thursday, July 10, 2008. Funding beyond monies available in Fiscal Year 2008 are subject to appropriations from Congress. For more information on this FOA, visit Financial Opportunities page or Grants.gov.

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