Weekly Clean Energy Roundup: September 25, 2008

DOE to Invest $35 Million in Concentrating Solar Power Projects Chrysler to Produce an Electric Car or Plug-in Hybrid by 2010 Fuel Economy for New Vehicles Rises for Fourth Straight Year California Adopts a Long-Term Energy Efficiency Plan DOE to Invest $35 Million in Concentrating Solar Power Projects DOE announced last week that it will invest up to $35 million over the next 4 years in 15 concentrating solar power (CSP) projects which, combined with the project cost-sharing from the project participants, will result in up to $67.6 million being invested in these projects. CSP technologies concentrate the sun’s heat for conversion into electricity, and the ability to store that thermal energy and draw on it after sunset will greatly increase the economic feasibility of CSP power plants. Of the 15 projects, 11 will involve the research and development (R&D) of thermal energy storage technologies, 1 involves R&D for advanced heat transfer fluids, and 3 will be geared toward near-term demonstrations of thermal storage technologies. The projects are expected to further DOE’s goal of reducing the cost of CSP electricity from today’s 13-16 cents per kilowatt-hour (kWh) with no thermal storage to 8-11 cents per kWh with 6 hours of […]

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