DOE fund to Small Businesses for Clean Energy R&D Projects

The Department of Energy announced a USD 115 million fund for small businesses pursuing clean energy R&D projects. The fund will be administered by its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which were established to encourage participation of communities in technological innovation, and increase technology transfer between research institutions and small businesses. Concerned projects range from grid modernization and carbon removal to renewable energy and energy storage. Also, eligible small businesses can apply for supplemental funds for research experiences for undergraduate and graduate entrepreneurs from women and underrepresented groups.

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