On March 2, 2010, at the ARPA-E (Advanced Research Projects Agency – Energy) Energy Innovation Summit in Washington, D.C., U.S. Energy Secretary Steven Chu announced that $100 million in Recovery Act funding will be made available to accelerate innovation in green technology. This is ARPA-E’s third funding opportunity of this kind.
There are three areas of focus for this program:
- Grid-Scale Rampable Intermittent Dispatchable Storage (GRIDS)
- Agile Delivery of Electrical Power Technology (ADEPT)
- Building Energy Efficiency Through Innovative Thermodevices (BEET-IT)
ARPA-E’s first solicitation, announced in early 2009, was highly competitive and resulted in funding 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles, and other areas. ARPA-E’s second solicitation announced in December, 2009 – which has yeilded nearly 500 concept papers – focused specifically on three areas of technology representing new approaches for biofuels, carbon capture, and batteries for electric vehicles. Here is a complete list of ARPA-E’s funded projects.
The objective of the ARPA-E funding is to give innovative ideas that are too risky for traditional venture investment an opportunity to get beyond the concept stage. ARPA-E funding “is about unleashing the American innovation machine to solve the energy and climate challenge, while creating new jobs, new industries and new exports for America’s workers,” said Secretary Chu.