US DOE Announces $115 Mn to Small Businesses for Clean Energy R&D Projects

US DOE Announces $115 Mn to Small Businesses for Clean Energy R&D Projects Budget reactions

In support of the Biden-Harris Administration’s commitment to build the American economy back better, the US Department of Energy (DOE) has announced USD 115 million for small businesses pursuing clean energy research and development (R&D) projects. The projects range from grid modernisation and carbon removal to renewable energy and energy storage.

“Through this program, DOE can support small businesses with seed money they desperately need to develop and deploy cutting-edge clean energy solutions that will help America fight climate change and create jobs,” said Secretary of Energy Jennifer Granholm. “Importantly, by investing directly in small businesses, including diverse entrepreneurs, we can foster the creative ideas that will transform our nation’s energy sector, address the climate crisis, and build an equitable clean energy economy.”

This funding is administered by DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which were established to encourage participation of diverse communities in technological innovation, as well as to increase technology transfer between research institutions and small businesses.

Under this funding opportunity, eligible small businesses can apply for supplemental funds for research experiences for undergraduate and graduate entrepreneurs from underrepresented groups, including women and socially and economically disadvantaged individuals.

“The SBIR program is one of the most important tools the federal government has in its arsenal to invest in and empower our small businesses, allowing them to engage in exciting, cutting-edge research and development that keeps America at the forefront of innovation and meets the critical needs of our nation,” said Senator Jeanne Shaheen. “I’m thrilled that the Department of Energy has announced this significant investment to American small businesses pursuing clean energy research and development projects that will help combat the existential threat of climate change and protect our environment, while reducing energy costs and creating jobs. I have long supported the SBIR program and will continue to fight to permanently reauthorise and increase funding for this catalyst of economic growth, innovation and technological and scientific advancement.”

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