The US Department of Energy (DoE) will expand the SunShot program after hitting its 2020 goals to trim the US utility-scale solar LCOE (levelized costs of electricity) to US$6c/kWh three years earlier than initially expected. Under the framework of the new goals, the initiative aims at halving utility-scale solar costs to US$3c/kWh by 2030. As of today, US average utility-scale solar and commercial solar prices loom respectively around US$6c/kWh and US$11c/kWh while residential solar rests around roughly US$16c/kWh. When the SunShot program began, these costs were significantly higher, respectively US$28c/kWh for utility-scale solar while residential and commercial-scale solar reached respectively US$52c/kWh and US$40c/kWh .
Besides, the US Office of Energy Efficiency and Renewable Energy (EERE), which houses SunShot, also unveiled an additional US$62m in funding for early-stage research in concentrating solar power (CSP) and US$20m for power electronics technologies.
Source: Office of Energy Efficiency and Renewable Energy
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