The US Department of Energy (DoE) has allocated US$60 million for research into advanced solar thermal technologies as part of its SunShot Initiative, which aims to cut the cost of solar energy by 75% by 2020. The research funding will be allocated to around 20 projects and will be made available over a three year period. Projects receiving funding will focus on efficiency improvements and cost reductions in collectors, receivers and power cycle equipment used in concentrated solar photovoltaic (CSP) systems.
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