1/19/2012 1:14:59 PM
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.
“These innovative projects are at the forefront of a new technological frontier that plays a critical role in our future energy security and economic growth, “said Majumdar. “It is now more important than ever to invest in game-changing ideas that will build the technological infrastructure for a new, clean energy economy.”
The projects selected are located in 25 states, with 50% of projects led by universities, 23% by small businesses, 12% by large businesses, 13% by national labs, and 2% by non-profits. Prior to today, ARPA-E has awarded $365.7 million in funds to approximately 120 groundbreaking energy projects within seven program areas. This most recent round of selections brings the total to 180 projects, 12 program areas and $521.7 million in awards at ARPA-E to date.