Energy Department Selects Two Cypress Creek Initiatives to Lower Solar Electricity Costs and Support Growing Solar Workforce

October 26, 2018

We’re excited to share that two Cypress Creek initiatives were selected as a part of the Energy Department’s FY2018 SETO funding program, an effort to invest in new projects that lower solar electricity costs and support a growing solar workforce.

In the category of Photovoltaics Research and Development, our team, led by Vice President of Solar Technology Jenya Meydbray, secured a $1.5 million grant to research bifacial system technology, with the goal to accelerate the industry’s ability to integrate this cost-reducing technology in solar system design.

“As a national solar company, Cypress Creek shares the Energy Department’s goal to reduce the cost of solar electricity in all regions of the US. We will draw upon our internal development, build, and operating talent, as well as that of our partners, to further the industry’s potential to decrease the cost of solar energy through bifacial systems.” – Jenya Meydbray, Vice President of Solar Technology.

The team will provide the research and development needed to ascertain, calculate, and disseminate the system-level choices that impact solar electricity production from bifacial systems. The Energy Department funding will help ensure that the test sites are sufficiently instrumented to improve the production models. Additionally, the award will support electric and racking suppliers in the development of products needed for this system. Learnings as a part of this project will be shared with the public.

The workforce initiative category, Cypress Creek was a part of The Solar Foundation’s proposal that secured $2 million to support and advance a highly qualified solar workforce, with a special focus on transitioning military veterans and underrepresented populations. With this grant, we’ll be able to expand the momentum of our existing community college partnerships.

Our team continues to push boundaries, identify new opportunities and solve even harder problems than we did yesterday. We’re grateful to the Energy Department for these opportunities.

About Cypress Creek Renewables

Cypress Creek Renewables is a leading renewables developer and independent power producer. It develops, finances, owns, and operates utility-scale and distributed solar and energy storage projects across the United States with a mission to power a sustainable future, one project at a time. Since inception, Cypress Creek has commercialized 12GW of solar projects. Today it owns more than 2GW of solar and has a more than 20GW solar and storage pipeline. Cypress Creek’s leading O&M services business, Cypress Creek Solutions, operates and maintains more than 4GW of solar projects for customers across 24 states.