Congressman Price Announces Funding for NC State University Solar Power Project
RALEIGH, NC (Apr. 26, 2018) – Today, Thursday, April 26, 2018, Congressman David Price (D-NC) announced that NC State University would receive $1,899,033 from the Department of Energy (DOE) as part of a $20 million effort to advance early-stage power electronics technologies. These innovations are critical to address solar photovoltaic (PV) reliability challenges, as well as to drive down the cost of installing and maintaining a PV solar system. As a senior member of the Appropriations Committee, Rep. Price plays a critical role in securing funding to advance alternative power sources like solar.
Power electronics are used to convert electricity from one form to another. As the critical link between PV arrays and the electric grid, advances in power electronics can also help grid operators rapidly detect and respond to problems, protect against physical and cyber vulnerabilities, and enable consumers to manage electricity use. Advanced solar power electronics can also help deliver power safely, integrate PV with storage controls, and ensure power reliability.
Each project must meet a 20 percent cost share requirement and will last up to three years, enabling teams to significantly improve on innovative concepts throughout the project period. These awards are cooperative agreements – rather than grants – which involve substantial federal oversight and require funding recipients to meet certain technical milestones that help ensure taxpayer value and return.
Learn more about the DOE Solar Energy Technologies Office HERE.