Phoenix Business Journal

The University of Arizona will lead a group of researchers that includes some at Arizona State University to work under a $5 million, five-year grant to find new solutions for concentrated solar power.

The grant, announced Tuesday, is part of the U.S. Department of Energy’s SunShot Initiative, which is seeking to make solar power cost competitive.

UA researchers will team with those from ASU and Georgia Tech University to develop new fluids based on molten salt that would be used in place of traditional heat-transfer fluids.