Sec. Chu Announces More 'SunShot' Details The SunShot initiative
from the U.S. Department of Energy, aims to bring the total
costs of utility scale solar energy systems down about 75% by
2020, allegedly making large scale solar energy cost competitive
with electricity from fossil fuels. Secretary Chu announced more
details on the Department’s "SunShot" initiative to bring the
total costs of utility scale solar energy systems down about 75%
- to roughly $1 per watt - by 2020, a feat that would reportedly
make large scale solar energy cost competitive with electricity
from fossil fuels. The Department of Energy's SunShot initiative
will focus on 4 main pillars: - Advancing technologies for the
solar cells and systems that convert sunlight into energy; -
Optimizing the performance of solar installation; - Improving
the efficiency of the solar system manufacturing processes; and
- Improving the efficiency for installation, design and
permitting for solar energy systems. As part of the SunShot
initiative, the Depa