Government to spend millions to power the solar revolution
The U.S. Department of Energy has announced that it will spend more than $100 million in grants for solar research. The announcement is a part of the government’s Climate Action Plan and it will provide $52 million to universities, corporations and national laboratories to search for ways to reduce the cost of solar energy, with an additional $50 million to power the research and development of better solar photovoltaic technology.
The measure looks to fund projects that can contribute towards the Energy Department’s goal of producing 30 percent of the country’s electric power with solar sources, set to be accomplished by 2050. That might seem like a long stretch, but it’s a huge step forward – especially since the newly funded research could provide much needed tech development that could increase solar energy’s efficiency.
Among the many projects that will be funded, 14 will be researching how to improve solar power plants’ performance, while other projects will try to find new ways to enhance photovoltaic performance and reliability. Additionally, these latter projects will work to reduce the panel costs to ensure its affordability – which in turn will grant the possibility for solar to spread through regular households.
Other projects that will be funded by the Energy Department will research ways to slow the panel’s deterioration as well as find more efficient ways to build a solar power project. Finally, the measure also awards part of the money to several states in order to advance innovative approaches for local clean energy development.
For some people, this amount of money won’t seem enough. For others, it’ll be way too much. Both of them are wrong – it’s not the amount of money that counts, but the idea behind it. Measures like this proves that the government is actively seeking to fight climate change and plan for a change for better. Perhaps it’s not enough but it’s a solid start on which the solar energy industry can build on. And if we continue in this path, we’ll find better solutions sooner than later. We owe that to ourselves and to our future.