Business research

US Department of Energy announces $125 million for small business research and development

News — WASHINGTON, DC – To support the Biden-Harris administration’s commitment to rebuild the U.S. economy better, the U.S. Department of Energy (DOE) today announced $125 million for small businesses pursuing research projects and development (R&D) on clean energy. Projects range from grid modernization and carbon removal to renewables and energy storage.

Small businesses are the backbone of our communities and neighborhoods, representing 99% of all businesses in the United States and creating two out of three new jobs in the private sector.

This funding is administered through the DOE’s Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, which were created to encourage diverse community participation in technology innovation, as well as to increase technology transfer. between research institutes and small businesses.

The SBIR and STTR programs fund a diverse portfolio of startups and small businesses in all technology fields and markets to drive technology breakthroughs, meet federal R&D needs, and increase commercialization to turn R&D into impact.

This funding opportunity is open to small companies that have previously received DOE SBIR or STTR grants to provide additional opportunities to compete for funding to develop working prototypes of their discoveries. Examples of past SBIR and STTR winners eligible to receive funding include those developing higher energy-density electric vehicle batteries, improving carbon capture technologies, and reducing solar module manufacturing costs.

More details on this funding opportunity can be found HERE.