- POSTED: 25 Jul 2014 11:25
The Energy Innovation Programme Office (EIPO) gave out the grant money to five research proposals that looked at how to reduce cost in areas such as the manufacturing of solar cells, says the Economic Development Board.
SINGAPORE: A total of S$14 million in grants was awarded to five research teams by the Energy Innovation Programme Office (EIPO), said the Economic Development Board (EDB) on Friday (July 25).
The monies was awarded under the third grant call of the Energy Innovation Research Programme (EIRP), and the focus of this round was on the cost reduction via innovations in materials and manufacturing processes for solar wafers, cells and modules.
The five research proposals that received funding in this latest round belonged to: National University of Singapore's Solar Energy Research Institute of Singapore, Singapore University of Technology and Design, the Energy Research Institute at Nanyang Technological University (ERI@N), and REC Solar, the EDB said in its statement.
Mr Yeoh Keat Chuan, Managing Director of the EDB and co-Executive Director of EIPO, said: "We believe that these give projects will lead to further cost reductions in the solar manufacturing value chain and critically strengthen the competitiveness of solar energy in relation to conventional energy sources."
EIPO announced in 2011 the allocation of S$195 million in research and development (R&D) budget under the national Research, Innovation and Enterprise 2015 cycle, which ends on March 31, 2016.
Of this, S$140 million was assigned to the EIRP. Since 2012, six EIRP calls focusing on solar energy, clean energy systems, smart grid technologies, power generation and energy efficient buildings had been launched by various Government agencies.