November 12, 2007

Solar R&D get an investment boost

The sun is shining for the solar energy sector -- considered the most expensive among alternative energy source.

The US Department of Energy (DOE) announced a $21m investment for the development of next generation photovoltaic (PV) technology. 25 projects mostly from various universities were selected for the DOE's MAKE-SOLAR ENERGY-CHEAPER handouts. Each three-year award averages $900,000.

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