The SunShot Initiative supports the research and development of photovoltaic (PV) technologies to improve efficiency and reliability and to lower manufacturing costs in order to make solar electricity cost-competitive with other sources of energy by 2020. As of February 2014, only three years into the decade-long SunShot Initiative, the solar industry is already more than 60% of the way to achieving SunShot’s cost target of $0.06 per kilowatt-hour for utility-scale PV (based on 2010 baseline figures).
Data courtesy of the National Renewable Energy Laboratory. Chart by Daniel Wood.
SunShot advances PV efforts through two competitive funding mechanisms:
- SunShot National Laboratory Multiyear Partnership (SuNLaMP)
- Funding Opportunity Announcements that award projects to researchers at universities, companies and national laboratories
Check out the 2014 SunShot Initiative Portfolio Book to find a full list of all SunShot's PV projects as of May 2014.