The US Department of Energy (DOE) has awarded funding to 10 organizations to promote clean energy innovation.
The grants are provided through the DOE’s Energy Program for Innovation Clusters (EPIC), which supports energy innovation ecosystems and energy hardware development.
“The clean energy market is growing at a rapid pace and America’s innovators need the tools to compete globally,” said Energy Secretary Jennifer Granholm. “This funding addresses an urgent need for targeted financial support for incubators and accelerators that enable emerging energy entrepreneurs to tackle climate change, create jobs and empower underserved communities.”
In total, the DOE awarded awards totaling around 9.5 million US dollars to the 10 organizations. Grant recipients include the Los Angeles Cleantech Incubator (LACI), which is receiving $ 1 million to scale the impact of its incubation program and encourage early-stage companies to invest in their emerging clean energy technologies through pilot start-up projects accelerate.
“Los Angeles has long been known as America’s innovation hub and an emerging leader in technology and clean energy. Today’s announcement is welcome news for both the Los Angeles Cleantech Incubator and the City of Los Angeles, as this $ 1 million US Department of Energy award will help fuel the growth of new cleantech jobs at 34 Representative Jimmy Gomez (D-CA) said.
Another is a $ 909,411 grant to the Clean Energy Trust of Chicago for the Midwest Regional Innovation Partnership (MRIP) to support energy hardware and related technology startups, attract capital, create jobs, and promote economic development in the Advancing the Midwest. MRIP will launch three new accelerator programs.
“I was proud to support the Midwest Regional Innovation Partnership and its partners’ request for this Department of Energy grant, which has the potential to expand the Midwest’s innovation ecosystem,” said Senator Dick Durbin. “This federal funding will increase the commercialization rate of technologies in the region and help companies to create more high-tech jobs in Germany.”