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***This notice of intent is now a funding opportunity. Click here to view the Technology to Market 3 Funding Opportunity Announcement webpage.***
The SunShot Initiative intends to release a funding opportunity announcement (FOA) to accelerate the commercialization of products and business models that drive down the cost of solar energy.
The T2M3 FOA will enable the widespread market penetration of new solar technologies and solutions through research, development, and demonstration to overcome technical, institutional and market challenges. The FOA is expected to be divided into six tiers that are based on the technology type and the stage of the development cycle. Awards will carry a required cost share between 20% and 50% depending on the project.
In addition to achieving rigorous technical milestones, awardees are expected to deliver on business development and commercial metrics that de-risk the technology and/or solution and enable its progression to the next phase of commercial development. Successful awardees will be well-positioned for investment from the private sector and have a path to market impact. Due to the commercial nature of the projects, funding is available to for-profit entities, or teams led by for-profit entities.
Download the full notice of intent HERE, which includes more information about each of the tiers. Stay tuned for the full FOA soon.
Awards in round two of Technology to Market were announced on September 14, 2016. Read the press release.