Solar and Water Power Technologies Getting a $200 Million Boost

The Energy Department will invest over $200 million to expand and speed up development, commercialization and adoption of solar and water power technologies throughout the country. Those investments include:

·         Up to $125 million for photovoltaic manufacturing

·         Up to $40 million for photovoltaic supply chain development

·         Up to $4.5 million for a national administrator (an organization) to act as central coordinator for the Solar Instructor Training Network

·         Up to $39 million for marine and hydrokinetic technologies

The DOE money is expected to help solar and water power industries deal with technical challenges, demonstrate new technologies and support clean energy jobs.

Quick Take: While the economy appears to be crawling out of its sinkhole, the technologies that are helping to create the Smart Grid can still certainly use a helping hand financially. The infusion of more DOE money may also help lure leery investors back into the fold.

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