The US Department of Energy (DoE) has announced $34 million in funding towards research and development of innovative energy technologies.
The $34 million will be issued through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programmes.
The SBIR and STTR programmes will use the announced funding to provide 219 grants to 183 small businesses in 41 states.
According to a statement, the two programmes have been developed by the US Congress to advance the mission of the DoE through innovative small businesses. The grants are also aimed at improving job creation within the energy industry.
Small businesses will use the grants to conduct research and development programmes of between 6 to 12 months in duration. Up to $150,000 in grant funding is available under phase 1 of the SBIR and SBTT programmes.
Projects that succeed will qualify to receive up to $1 million in grant funding in phase 2 of the programmes. The second phase will fund research and development projects lasting for 2 years.
The DoE’s Office of Energy Efficiency and Renewable Energy will use the SBIR and SBTT initiatives to fund research and development of high voltage lithium ion battery with improved life and safety.
The Office of Electricity Delivery and Energy Reliability will support research on low-loss, high-flux saturation magnetic cores for power converters.