The US Energy Department has announced $25 million in funding to advance concentrating solar power (CSP) system technologies. This investment will fund research and development projects to improve the performance and increase the efficiency of all components of CSP plants, ultimately lowering the cost of solar electricity.

«Investments to improve the efficiency and lower the costs of concentrating solar power technologies enhance our ability to deliver affordable solar-generated electricity to American families and businesses, while also moving us closer to achieving President Obama’s goal of doubling renewable energy generation again by the end of the decade,» said David Danielson, Assistant Secretary for Energy Efficiency and Renewable Energy.