By Saundra Wilson for Phoenix Business Journal
Six projects out of Arizona State University’s Ira A. Fulton Schools of Engineering won awards from the U.S. Department of Energy this month, receiving a total of about $4.3M.
The awards, part of the Department of Engery’s SunShot Initiatives, were awarded to projects working to develop affordable, inventive solar power technologies. The initiative granted a total of $20.5M to 28 different projects based out of universities from across the country.
ASU received the most awards, with Stanford University, the University of Central Florida and Colorado State University coming in second place, with each receiving two awards.
“ASU receiving six DOE SunShot Initiative grants — many more than any academic institution on the awardee list — is a testimony to our faculty’s excellence in building innovative solutions that help power the future in a reliable and cost-effective way,” said Sethuraman Panchanathan, chief research and innovation officer at ASU and the executive vice president of the school’s Office of Knowledge Enterprise Development.
The SunShot Initiative, which was launched six years ago, seeks to fund projects with the goal of making solar energy sources cost-competitive, reaching six cents per kilowatt-hour by 2020 and three cents per kilowatt-hour by 2030. The program is very close to hitting it’s 2020 target, with 90 percent of the goal complete.
The projects receiving funding will have “substantial federal oversight and consist of go/no go technical benchmarks which reinforce attentive project stewardship,” according to a statement released by the U.S. Department of Energy.
Read more at Phoenix Business Journal.