By The Business Review (Albany)

GE Global Research in Niskayuna is receiving $949,545 in stimulus funding for a project related to photovoltaics and the electrical grid, the U.S. Department of Energy said Monday.

The GE funding is part of $92 million that the federal government is awarding to 43 projects across the country. The projects all focus on accelerating research and development in green energy. Of the $92 million awarded today, $5.5 million is earmarked for New York projects.

The CUNY Energy Institute is receiving two awards: $3 million for the development of a battery similar to traditional alkaline batteries but would last 10 years; $1.6 million for a project developing electrically insulating material for capacitors.

The Department of Energyâ¿¿s Advanced Research Projects Agency-Energy received 529 initial concept papers and encouraged 164 entities to submit applications.

Copyright 2010 American City Business Journals

http://albany.bizjournals.com/albany/stories/2010/07/12/daily11.html?ana=thestreet

Copyright bizjournals.com 2010

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