MIT projects get $4M for solar tech advancement

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Sara Castellanos, Technology Reporter - Boston Business Journal

Two Massachusetts Institute of Technology projects have been awarded a total of $4 million in federal grants to develop advanced solar technologies.

The grants were awarded by the U.S. Department of Energy's Advanced Research Projects Agency-Energy program.

The Advanced Research Projects Agency-Energy program was spun out of the America COMPETES Act, signed by President George W. Bush in 2007. In 2009, Congress appropriated and President Barack Obama allocated $400 million to the new Agency, which funded the first projects, according to the program's website. Several projects end up received follow-on private-sector funding and several projects have formed spin-off companies, according to the website.

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Read the full article at the Boston Business Journal