Washington to pump more money into solar start-ups

solarpower.bmpThe Department of Energy has awarded $27 million to fund 10 start-ups active in producing solar power technology, provided they continue to meet certain milestones.

The goal is support these start-ups as they develop photovoltaic technologies that are more efficient than incumbent processes. These methods are more expensive in early stages because they don’t have economies of scale. Once in production, however, they promise to reduce the cost per watt for solar power. That cost is the main barrier to wider adoption of solar.

Recipients include Maryland’s Blue Square Energy, Menlo Park, Calif.’s CaliSolar, Sunnyvale, Calif.’s Enfocus Engineering, Illinois’ MicroLink Devices (web site is down), Palo Alto, Calif.’s SolFocus Inc., Fremont, Calif.’s Solaria, Colorado’s Ava Solar, Pennsylvania’s Plextronics, Colorado’s PrimeStar Solar. and Milpitas, Calif.’s SoloPower.

Each will receive $2 million to $3 million.

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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

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