Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
Sep 19, 2024 11:01 CESTThe US Department of Energy (DoE) last week made a few announcements in relation to the awarding and availability of funding for projects in a number of areas, many of which involve renewable energy technologies.
First, DoE picked 12 projects under a USD-13.5-million (EUR 12.6m) programme for negotiation to launch training partnerships that expand the solar energy workforce in underserved and underrepresented communities.
On June 14, DoE’s Solar Energy Technologies Office (SETO) issued a notice of intent (NOI) to release a funding opportunity announcement (FOA) of up to USD 36 million for thin-film photovoltaics (PV) research, development and demonstration. More specifically, USD 20 million has been allocated for industrial perovskite PV research and development, while the rest has been set aside for advance cadmium telluride (CdTe) PV research, development, demonstration and commercialisation.
A day later, DoE also unveiled USD 135 million in funding for 40 projects across 21 states focused on the decarbonisation of the US industrial sector. The selected projects will be led by 36 different universities, National Laboratories, and companies.
These are grouped in six categories: decarbonising chemicals (9 projects, USD 38.3m); decarbonising iron and steel (10 projects, USD 31.9m); decarbonising food and beverage products (3 projects, USD 11.4m); decarbonising cement and concrete (5 projects, USD 16.4m); decarbonising paper and forest products (6 projects, USD 16.2m); and dross-sector decarbonisation technologies (7 projects, USD 20.4m).
More information about each project is available on the DoE website.
(USD 1.0 = EUR 0.937)
Vistra agrees USD 3.25bn buyout of zero-carbon energy unit
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