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Washington, D.C. – Arun Majumdar, Director of the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E), today announced 60 cutting-edge research projects aimed at dramatically improving how the U.S. produces and uses energy. With $156 million from the Fiscal Year 2011 budget, the new ARPA-E selections focus on accelerating innovations in clean technology while increasing America's competitiveness in rare earth alternatives and breakthroughs in biofuels, thermal storage, grid controls, and solar power electronics. Demonstrating the success ARPA-E has already seen, the program announced this year that eleven of its projects secured more than $200 million in outside private capital investment.
By Dr. Arun Majumdar Director of the Advanced Research Projects Agency—Energy (ARPA-E)
The world is in transition and is offering possibly the biggest economic opportunity of the 21st century. The question is: Can we grab it? I believe we can, but we need to be both smart and strategic about it. Let me explain this through a macro-picture and some global trends.