• Sun, 26 May 2019, 12:57 AM
  • All times are UTC
  • Edition:
    International
Link copied

US Energy Department to fund blockchain R&D projects focused on fossil energy

Thu, 10 Jan 2019, 04:37 am UTC

The U.S. Department of Energy (DOE) has announced up to $4.8 million in federal funding to support research and development (R&D) projects at universities, including those focused on emerging technologies such as blockchain.

The funding is part of DOE’s Office of Fossil Energy’s (FE) University Training and Research initiative, which aims to nurture the next generation of science and engineering professionals in the fossil energy sector as well as develop related technologies and applications.

Among other things, the initiative aims to develop “early-stage technologies that increase the affordability of domestic energy resources and improving electric grid reliability and resilience.”

The latest funding opportunity announcement particularly focuses on four areas of interest (AOI):

  • Application of Novel Analytic Method(s)
  • Cybersecure Sensors for Fossil Power Generation
  • Modeling Existing Coal Plant Challenges Using High-Performance Computing
  • Coal Plant Effluent Water Reuse

According to the announcement, the projects selected under the second AOI, Cybersecure Sensors for Fossil Power Generation, will explore “emerging technologies (such as blockchain and decentralized, peer-to-peer internet protocols) that secure process signal data and other information flows within distributed sensor networks for fossil-based power generation systems.”

The DOE said that it expects to select up to 12 projects from this funding opportunity announcement.

The department has been awarding grants to blockchain startups through its Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. Last year, it awarded nearly $1 million grant to Grid7 to support the development of a decentralized energy grid.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $8,061.28 (+0.60%)
  • Ethereum (ETH) $252.33 (+0.85%)
  • XRP (XRP) $0.386500 (+0.23%)
  • Bitcoin Cash (BCH) $407.44 (-0.57%)
  • Litecoin (LTC) $103.67 (+3.69%)
  • Bitcoin (BTC) $8,061.28 (+0.60%)
May 24, 2019 (Friday)
12:18
Crypto Technicals: ETH/USD retraces above 1H 200-SMA, 'Hammer' on daily charts signals further gains
10:50
German engineering giant Bosch trials Ethereum blockchain
10:39
Crypto Technicals: BTG/USD grinds higher along 21-EMA, breakout at 61.8% Fib (25.74) will accentuate gains
09:33
Bank of Russia to review proposal on gold-backed cryptocurrency
09:17
Blockchain software firm Unstoppable Domains raises $4M from Draper Associates, Boost VC
08:45
Crypto Technicals: LTC/USD bounces off 21-EMA support, next bull target $109
08:45
Robinhood Crypto is now in New York
07:27
Facebook to launch its cryptocurrency 'GlobalCoin' in Q1 2020: Report
07:25
California resident sued for alleged $26M crypto Ponzi scheme
06:33
AT&T teams up with BitPay to become the first telecom to accept cryptocurrency payments
06:16
Rep. Swalwell accepting bitcoin donations in bid for US presidency
06:10
Grayscale receives FINRA approval to open Ethereum Trust to individual investors
05:12
Indian telco Airtel selects IBM for blockchain-based pan India anti-spam call solution: Report
05:07
Binance CEO CZ seeks compensation for reputational damage from Sequoia
04:06
Overstock.com’s blockchain subsidiary signs MOU with Lusaka city to develop land governance platform
03:57
Toyota, University of Tokyo, TRENDE to start testing blockchain-based electricity trading solution
03:14
Russia's NSD to roll out security token blockchain in June
May 23, 2019 (Thursday)
12:15
Crypto Technicals: IOT/USD holds 21-EMA support, retrace till 0.3185 (200-DMA) likely on break below
12:11
Coinstar extends bitcoin buying service to 21 US states
11:38
Crypto Technicals: BTC/USD bounces off session lows with 'Hammer' formation, bias neutral
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft