Monday, October 26, 2009

Energy projects get $11M in federal funds - 2 central ohio projects are recipients

Business First

Two advanced energy projects in Central Ohio will be sparked by an infusion of nearly $11 million in federal funding.
Univenture Inc. in Marysville will receive $5.99 million, and $5 million will go to Ohio State University, the U.S. Department of Energy said Monday.
A release from the agency said Univenture will use the funding to advance a system that could reduce the cost to harvest, dewater and dry algae in a process to improve the economics of algae-based biofuel production. A media packaging company, Univenture has had a longtime interest in the environment and it’s core products are made of 100 percent polypropylene, which is manufactured from clean technologies.
Ohio State researchers, led by chemical and biomolecular engineering professor L.S. Fan, will receive funding for a pilot project that will convert coal or biomass material into electricity while capturing the carbon dioxide emitted during the process.
The Central Ohio projects are among ones receiving $151 million in funding through the energy department’s recently-formed Advanced Research Projects Agency-Energy. Its mission is to develop nimble, creative and inventive approaches to transform the global energy landscape while advancing America’s technology leadership, the federal agency said.
This is the first round of projects funded under new program, which is receiving $400 million from the American Recovery and Reinvestment Act.
The grants will go to projects with lead researchers in 17 states. Of the lead recipients, 43 percent are small businesses, 35 percent are educational institutions, and 20 percent are large corporations.


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