DOE Announces Funds To Help Commercialize Clean Energy Technologies

U.S. Energy Secretary Steven Chu has announced that $30 million in funding from the American Recovery and Reinvestment Act and financial-year 2010 budget appropriations will be made available to qualified small businesses to support the commercialization of new clean energy technologies.

The funding announcement builds on the Department of Energy's (DOE) existing efforts under the Small Business Innovation Research program (SBIR) and the Small Business Technology Transfer program (STTR) to develop near-term clean energy technologies.

Small companies that were previously awarded Phase II grants through DOE's SBIR or STTR are eligible. Projects that include developed technologies with a strong potential for commercialization and impact on U.S. manufacturing and job creation are encouraged to apply. Successful applicants may receive up to $3 million over three years to research, develop and deploy new technologies.

Applications are currently being accepted for different types of technologies, including advanced wind power technologies and systems; solar photovoltaics; and smart grid technologies and systems.

SOURCE: U.S. Department of Energy

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