INTIEAUnited States · Funding for thin film technologies for solar PVPolicyIn force

Funding for thin film technologies for solar PV

The US Department of Energy (DOE) announced its goal of lowering the price of solar energy by 60% within the next decade, and is deploying USD 128 million of funding towards this goal. The DOE hopes to drive down the current price of 4.6 cents/kWh to 3 cents/kWh by 2025, and 2…

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EffectiveJan 01, 2021
Last changeMar 21, 2022

Country / jurisdiction: United States · Year: 2021 · Status: In force · Level: National · Type: Voluntary

The US Department of Energy (DOE) announced its goal of lowering the price of solar energy by 60% within the next decade, and is deploying USD 128 million of funding towards this goal. The DOE hopes to drive down the current price of 4.6 cents/kWh to 3 cents/kWh by 2025, and 2 cents/kWh by 2030.

Funding announced through the DOE's Solar Energy Technologies Office (SETO) will support advancing two materials used to make solar cells, for a total of USD 63 million:

- perovskites, which are a family of emerging solar materials that have potential to make highly efficient thin-film solar cells with very low production costs;

- cadmium telluride (CdTe) thin film, which make up 20% of the modules installed in the country and provide an alternative to conventional silicon-based technologies.

The investment also supports several concentrating solar-thermal power (CSP) projects. Unlike PV technologies, CSP captures heat from sunlight and uses this thermal energy to spin a turbine or power an engine to generate electricity. This represents USD 58 million from the fund.

Additionally, the DOE announced USD 7 million as part of a new funding opportunity for projects to increase the lifetime of silicon-based PV systems from about 30 years to 50 years to lower the cost of energy and reduce waste.

Official source: https://www.energy.gov/articles/doe-announces-goal-cut-solar-costs-more-half-2030

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https://www.iea.org/policies/13275

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