The US Department of Energy (DoE) has announced $95 million in grant funding towards research and development of innovative energy solutions and business models.
The grants will be awarded to 80 small businesses in 26 states to implement phase 2 of research and development initiatives.
The funding is available via the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programmes of the DoE.
95 Grants will be issued of which each project will receive $1 million to conduct their initiative over a period of two years.
The majority of the projects are in the energy efficiency and renewable energy industries.
For instance, the Office of Electricity Delivery and Energy Reliability will use the grant to address rapid Assessment of Distribution Line Damage using Autonomous UAV.
The Office of Fossil Energy will pilot an E-Blockchain to ensure a Scalable Platform for Secure Energy Transactions and Control.
The grants follow realisation by the US government of the role played by small businesses in enhancing innovation and creating jobs in the economy, hence their involvement in spurring modernisation at federal agencies.