SPI: Mosaic gets second cash injection from US DoE scheme

Facebook
Twitter
LinkedIn
Reddit
Email

The US Department of Energy SunShot Initiative granted solar financier Mosaic a second award in the amount of US$650,000 to support its home solar loan programme that should help the initiative’s mission to make solar a cost-competitive energy source by the end of the decade. This award adds to the US$2 million award Mosaic received in 2012 from SunShot.

The award was part of a number of grants announced by US energy secretary Ernest Moniz at the SPI exhibition in Las Vegas.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

According to the company's statement, Mosaic said it plans to use the awarded money to fund its loan programmes that offer some of the lowest monthly payments of any loan on the market.

Billy Parish, co-founder and president of Mosaic said: “We're thrilled to receive a second round of funding from SunShot's Incubator programme and to be joined by the solar industry's brightest innovators.”

As of now, the US Energy Department has invested more than US$14 million in 20 small businesses to “rapidly commercialise innovative solutions that further drive down costs for solar systems”.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 10, 2024
Dallas, Texas USA
Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Napa, USA