Of pv magazine United States

The US Department of Energy (DoE) has announced $ 115 million in funding for small businesses undertaking clean energy research and development (R&D) projects.

The funding will be provided as part of President Joe Biden’s Build Back Better plan, launched on February 5. The plan to provide the funds follows recent comments by Energy Secretary Jennifer Granholm, in which she underscored her desire for the DoE to expand its investments in technological innovation through loan and funding programs for small businesses and startups.

Under the new financing plan, clean energy R&D projects can cover a wide range of topics, including grid modernization, carbon elimination, renewable energy and energy storage. Granholm has a long history of supporting research and investment in carbon capture technologies.

The funding will be administered through DoE’s Small Business Innovation Research and Small Business Technology Transfer programs. These programs were set up to encourage diverse communities to participate in technological innovation and to stimulate technology transfer between research laboratories and small businesses, which is another of Granholm’s goals.

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