Australia has announced funding worth $83 million (£51.2m) to conduct research on “next generation” solar technologies with the US.
The investment from the Australian Solar Institute’s (ASI) United States-Australia Solar Energy Collaboration scheme (USASEC), includes $68 million (£42m) for two, eight year research programmes and $15.5 million (£9.6m) for 11 collaborative research projects.
Mark Twidell, ASI Chief Executive said the fund aims to increase the pace of solar innovation: “Our funding unites the complementary strengths of both nations to fast track the commercialisation of new solar technologies by lowering costs.
“We joined forces with the Australian Renewable Energy Agency (ARENA) to fund two, eight year collaborative national research programs to drive innovation, build human capacity and provide pathways to commercialisation for new technologies.”
More than $95 million (£58.7m) has been invested through USASEC for energy projects to date.