Momentive Receives $4.5M Grant from U.S. Department of Energy
Albany, NY-based Momentive Performance Materials will receive $4.5m in funding from the U.S. Department of Energy (DOE).
The funds will be used to continue the development of breakthrough technology for the low cost production of light emitting diodes (LEDs) used in solid state lighting (SSL) and for increased LED light source performance.
As stated by Eric Thaler, Chief Technology Officer of Momentive Performance Materials, the grant will allow the company to help develop the commercial-scale technology, processes and equipment needed for the cost-effective, mass production of energy efficient LEDs.
LED lights can consume 75% less energy and have a longer lifetime than common lighting options, but they are currently more expensive to produce.
The Department of Energy has estimated that by 2025, with appropriate R&D funding, the displacement of LED-based lighting sources with SSL could result in a 29% decrease in national energy consumption for lighting. Momentive’s winning proposal is among the 1% of ambitious research projects selected to receive funding.
With a robust product portfolio, the company provides high-technology materials solutions to the silicones, quartz and ceramics markets. It is controlled by an affiliate of Apollo Management, L.P.