he Energy Department announced today that the U.S. solar industry is more than 60 percent of the way to achieving cost-competitive utility-scale solar photovoltaic (PV) electricity -- only three years into the Department's decade-long SunShot Initiative. To help continue this progress, the Energy Department also announced today $25 million in funding to strengthen U.S. solar manufacturing for photovoltaic and concentrating solar power (CSP) technologies and to maintain a strong domestic solar industry -- supporting the Department's broader Clean Energy Manufacturing Initiative.
In the State of the Union address, President Obama highlighted the United States' growing role as a global leader in solar as demonstrated in a new industry report which recently found that U.S. utility-scale solar set a record with 2.3 gigawatts installed in 2013. Tomorrow, Energy Secretary Ernest Moniz will travel to Ivanpah Dry Lake, Calif., to dedicate the world's largest concentrating solar power plant -- continuing U.S. leadership in clean energy.
"In just the last few years, the U.S. has seen remarkable increases in clean and renewable energy -- doubling the amount of energy that we produce from solar and wind and supporting a strong, competitive solar supply chain that employs American workers in every state," said Energy Secretary Moniz. "To continue this growth and position the U.S. as a global leader in clean energy innovation, the Energy Department is helping to advance new technologies that further reduce costs, improve performance and support new jobs and businesses across the country."