DOE Awards 3M $4.4 Million to Reduce Cost of Photovoltaic Energy Systems

The U.S. Department of Energy (DOE) has awarded 3M 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.