DOE Joins Indian Ministry Of Science And Technology To Fund New PACE-R Consortium
On August 10, 2016, the U.S. Department of Energy (DOE) announced a $30 million expansion of the U.S.-India Partnership to Advance Clean Energy Research (PACE-R). DOE is partnered with the Indian Ministry of Science and Technology (MST), and both departments are committing $1.5 million annually over the next five years to expand research into smart grid and energy storage technology. U.S. and Indian private sectors will match the government commitments, resulting in a total of $30 million in public-private research investment over the next five years. The PACE-R initiative was originally launched in 2009 to support clean energy technology research and deployment. Since PACE-R began, the initiative has expanded to include Research, Deployment, and Access. PACE-R was originally created with three consortia focusing on solar energy, energy efficiency in buildings, and next-generation biofuels. This funding will allow for the creation of a fourth consortium focused on smart grid technology and energy storage.