“We need to translate that brainpower into business,” says Dr. Arun Majumdar, the head of ARPA-E.

Earth_ClockForbes has provided a peek into the thinking of Arun Majumdar, the Energy Department official who oversees the Advanced Research Projects Agency-Energy (ARPA-E), which funds so-called high-risk, high-reward research into cutting-edge technology.

Majumdar, who is also President Obama’s nominee for undersecretary of Energy, says in an interview that there’s good news and bad: The United States still has the “best brains” in science and engineering, but that’s not enough to solve the nation’s energy problems, and the clock is ticking.

Majumdar offers some trend lines: The United States has fallen to No. 3 in total clean energy investment, behind China and Germany — and No. 9 when clean energy investment is viewed as a fraction of GDP.

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Source: Ben Geman | The Hill
Image: ARPA-E