As part of the new SunShot Initiative, seeking to reduce the cost of solar power 75 percent by the decade’s end, the U.S. Department of Energy awarded $25 millionto SVTC Technologies and $25 million to the Bay Area PV Consortium, aproject managed by Stanford University and UC Berkeley. The program istargeting an installed cost of $1 per watt, which corresponds to roughly 6 cents per kilowatt-hour.
The consortium will use the funding to develop materials andmanufacturing processes that can drive down the cost of producingphotovoltaic modules. Meanwhile, SVTC, a spin-off from CypressSemiconductor, will create a facility that will perform pilot production services for solar startup companies.
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