Photovoltaics, or PV for short, is a Solar Power technology that uses Solar Photvoltaics systems' or Solar cells to provide electricity for human activities. Photovoltaics is also the field of study relating to this technology.
On Wednesday, September 16th, 2015, the United States Department of Energy announced that researchers developing new solar power technology would receive more than $100 million in grants from the federal government as part of the Obama administrations Climate Action Plan. These grants are to fund research in finding ways to reduce the cost of solar power and expand access to low-carbon energy.
Of the grants announced Wednesday, $32 million will be used on 14 projects researching how to improve the performance and efficiency of concentrating solar power plants. Some of these projects include:
Using mirrors to concentrate reflected sunlight on a central point and then storing that energy in molten salt.
A new thermal energy storage system that would boost the amount of energy concentrated solar plants are able to store, so solar power can be used when the sun isn’t shining. This project will use new highly conductive materials to make concentrating solar plants more efficient.
Finding ways to improve photovoltaic performance and reliability and reduce the cost of solar photovoltaic panels, which are already rapidly becoming less expensive.
An additional $7 million is being spent on researching ways to slow solar panel deterioration over time.
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