Staff writer- Memphis Business Journal
Tennessee has received $5 million to support research and development of solar energy from the U.S. Department of Energy’s SunShot Initiative.
The funding is part of a $60 million investment in the initiative, which is designed to lower the cost of solar electricity, advance grid integration of solar energy systems and support the growth of the solar energy workforce in the country.
According to a DOE statement, the solar industry has created nearly 20,000 new jobs. An estimated 119,000 people are employed at 5,000 solar energy companies across the U.S. The funding will help provide training for engineers, utility workers and for students.
“The tremendous growth in the U.S. solar industry over the past few years is helping to pave the way to a cleaner, more sustainable energy future that protects our air and water and provides affordable clean energy to more and more Americans,” Ernest Moniz, Energy Secretary, said in a statement. “Responsible development of all of America’s rich energy resources is an important part of President Obama’s Climate Action Plan and will help ensure America’s continued leadership in clean energy innovation.”
Michael Sheffield covers bioscience and biotechnology; manufacturing; tourism and hospitality; and sports business. Contact him at firstname.lastname@example.org.