The U.S. Department of Energy Awards 3M (MMM) $4.4 Million Solar Contract
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The U.S. Department of Energy (DOE) has awarded 3M (NYSE: MMM) $4.4 million as part of DOE’s SunShot Initiative. SunShot aims to reduce the total costs of photovoltaic solar energy systems by about 75 percent, so that they are cost-competitive with other forms of energy without subsidies. SunShot calls for achieving this goal by the end of the decade. The sum of the 3M award is estimated at $4.4 million over three years.
The goal of 3M’s project is to accelerate efforts toward further development and commercialization of 3M™ Ultra Barrier Solar Film. The funding will support a robust reliability test program to validate the lifetime performance of 3M’s film as well as development of second-generation 3M Ultra Barrier Solar Film with enhanced performance and reduced costs.
The goal of 3M’s project is to accelerate efforts toward further development and commercialization of 3M™ Ultra Barrier Solar Film. The funding will support a robust reliability test program to validate the lifetime performance of 3M’s film as well as development of second-generation 3M Ultra Barrier Solar Film with enhanced performance and reduced costs.
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