Abstract
MORE THAN $100 MILLION was recently awarded to 37 educational, government, and private consortia by the Department of Energy in its second round of high-risk technology research grants through the Advanced Research Projects Agency-Energy (ARPA-E) program. These grants are intended to spur development and commercialization of new technologies that could fundamentally transform the way the U.S. uses and produces electricity, says DOE, which administers the program. “These projects,” Energy Secretary Steven Chu said when announcing the grants in late April, “show the U.S. can lead the next Industrial Revolution in clean-energy technologies, which will help create new jobs and spur innovation and economic growth while helping to cut carbon pollution dramatically.” However, despite Chu’s high hopes for the projects’ potential, these fledgling technologies need DOE support through ARPA-E; they carry risks so high that private investors are unwilling to support them, Chu says, particularly at the early stage of ...
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