1. Energy Department Expands Goals for Solar Power Initiative

    Energy Department Expands Goals for Solar Power Initiative

    A Department of Energy effort to lower the cost of solar power has hit a key goal thee years early, officials said Tuesday. The agency is also set to expand the goals of its SunShot Initiative and pump new funding into reducing costs and expanding energy storage, the department announced.The price of electricity generated by utility-scale solar photovoltaic systems fell to $0.06 per kilowatt hour this year, achieving a 2020 goal of the SunShot program three years early. Prices for residential and commercial systems are 86 percent and 89 percent toward achieving their price goals, the Energy Department reported.

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  1. Quotes

    1. With the impressive decline in solar prices, it is time to address additional emerging challenges.
  2. Topics Mentioned

  3. Categories

    1. Electricity Source:

      Solar Photovoltaic, Wave, Tidal, Hydro, Wind
    2. Storage Market:

      Commercial & Industrial, Military, Residential & Community & Microgrid, Smart Grid, Utility Grid, Vehicle-to-Grid/Home
    3. Storage Technology:

      Compressed Air/Gas, Flow Battery, Flywheel, Hydrogen, Lead, Liquid Metal, Lithium, Magnesium, Mechanical Storage, Nickel, Sodium, Supercapacitors, Vanadium, Zinc
    4. Article Types:

      Null, Reports and Conferences