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“America is in a world race to produce cost-competitive renewable energy that can reduce our reliance on fossil fuels, create manufacturing jobs across the nation, and improve our energy security,” Chu said. “The projects announced today under DOE’s SunShot Initiative will spur American innovation to help reduce the costs of clean, renewable solar energy and re-establish U.S. global leadership in this fast-growing industry.”
The SunShot Initiative seeks to make solar energy systems more cost competitive, without long-term subsidies, by reducing the cost of these systems about 75% by the end of the decade. The achievement of the SunShot Initiative goals will encourage rapid, widespread adoption of solar energy systems across the U.S.
For more information, visit www.eere.energy.gov.