The US Dept. of Energy (DoE) made announcements to empower the SME sector, stating to award funding of a total of 54 million USD as part of a seed funding spree to empower roughly 260 projects to pursue technological advances aligning with zero carbon footprint before 2050.
The funding will be extended across 260 projects in 42 states roughly.
The wide range of awardees is engaged in developing advanced technological solutions to capture maximum Energy sources encompassing highly versatile grid technology for improved hydrogen power development, carbon capture, EV batteries, AI, and solar power.
Following this announcement, Dr. Vanessa Chan and Dave Turk have affirmed to host a discussion with several small business owners who would receive the funds for establishing a clean Energy economy that would also encourage diverse entrepreneurial initiatives.
Jennifer M. Granholm, Energy Dept. Secretary said, “Small businesses and entrepreneurs are the backbone of the American economy, the heart of our communities, and a well of ingenuity, driving America’s leadership in Energy efficiency, sustainable transportation and renewable power.”
Adding further in this line, she stated, “With this round of federal funding, we’re going one step further to tap this homegrown resource to help bring the next generation of clean Energy innovation to market while creating good-paying jobs across the private sector.”
Department of Energy will administer the awards for small businesses research, innovation, and technology development targeted for over 30 women-led business houses, low-income group entrepreneurs across 37 states characterized in HUBZones.
HUBZones is a dedicated SME administered program to empower businesses.