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The US Department of Energy is awarding $620 million for projects around the country to demonstrate advanced Smart Grid technologies and integrated systems. Smart grid regional demonstrations involving plug-in vehicles include (ranked by DOE funding): Columbus Southern Power Company (doing business as AEP Ohio).
Boston-based startup Form Energy claims to have achieved a battery breakthrough using one of the oldest materials known to industrialized civilization: Iron.
The new ARPA-E selections focus on accelerating innovations in clean technology while increasing US competitiveness in rare earth alternatives and breakthroughs in biofuels, thermal storage, grid controls, and solar power electronics. High Performance, LowCost Superconducting Wires and Coils. National Renewable. Arlington).
Boston, Massachusetts) will develop a cost-effective, high efficiency, power take-off system for a wave energy converter, a mechanism to convert water’s mechanical energy into usable electricity. The project will assess the cost of manufacturing these systems at various scales. DOE Funding: $240,000. Resolute Marine Energy, Inc.
The cost of generating power from renewable energy sources has reached parity or dropped below the cost of fossil fuels for many technologies in many parts of the world, according to a new report released by the International Renewable Energy Agency (IRENA). Real weighted average cost of capital is 7.5% Source: IRENA.
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