Energy startup wins $200K from feds
An energy storage company has received a federal grant to develop a system that uses solar power.
Holland-based Jolt Energy Storage Technologies has been awarded a $200,000 Phase I Small Business Innovation Research grant from the U.S. Department of Energy to develop a reliable organic battery and control system that efficiently integrates low-cost energy storage with solar arrays.
This solution promises to “reduce the impact of solar power variability on grid stability while providing a practical route to dispatchable solar power,” the company said.
Congress established the SBIR program to support scientific excellence and technological innovation through the investment of federal research funds in critical American priorities to build a strong national economy.
“We strongly believe that the future of electrical energy generation is in renewables, and that our technology will help to facilitate this transition,” said Tom Guarr, co-founder and chief technical officer for Jolt. “The grant will accelerate our efforts to further develop and refine our system on the path to field deployment in the near future.”
Jolt was awarded the grant in June and will use the funding from July 2019 to March 2020.
Small businesses that successfully accomplish the Phase I award goals are eligible to apply for a Phase II grant, with available funding up to $1.5M. The small business retains the rights to any technology developed and is encouraged to commercialize the technology.