The U.S. Department of Energy today announced $115 million for small businesses pursuing clean energy research and development projects. The projects range from grid modernization 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.”
Small businesses are the backbones of our communities and neighborhoods, making up 99% of all firms in the U.S. and creating two out of every three new jobs in the private sector.
We’re excited to continue investing in small businesses across the country. Today, the Department committed $115 million to support these organizations’ clean energy research and development projects. Learn more about this new effort here: https://t.co/23JQAKgPW5
— U.S. Department of Energy (@ENERGY) March 4, 2021
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 deadline for letters of intent in March 31, 2021 at 5 p.m. Learn more about the SBIR and STTR application process here.
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