- The U.S. Energy Department (DOE) has announced $20 million in new funding for two to four projects that are designed to help integrate concentrating solar power systems with fossil fuel power plants.
- The DOE is seeking applications from industry, universities, and national laboratories; the new funding aims to overcome market and technological barriers.
- The hybrid systems leverage the infrastructure of fossil fuel plants such as turbine and transmission systems, which will help to reduce the cost of solar-generated electricity and bring solar plants online more quickly.
From the article:
The new funding aims to overcome near-term market and technological barriers for cost-effective CSP hybrid system implementation. Additionally, CSP hybrid technology may help enable further cost reductions in stand-alone CSP projects and spur innovations across the broader concentrating solar power supply chain. ...