At a Recovery Act Cabinet Meeting, Vice President Joe Biden and Secretary of Energy Steven Chu announced that the U.S. Department of Energy is awarding $106 million in funding for 37 ambitious research projects that could fundamentally change the way the country uses and produces energy.
WASHINGTON, D.C. – At a Recovery Act Cabinet Meeting, Vice President Joe Biden and Secretary of Energy Steven Chu announced that the U.S. Department of Energy is awarding $106 million in funding for 37 ambitious research projects that could fundamentally change the way the country uses and produces energy. Funded through DOE’s Advanced Research Projects Agency-Energy (ARPA-E), the $106 million is awarded to projects that could produce advanced biofuels more efficiently from renewable electricity instead of sunlight; design completely new types of batteries to make electric vehicles more affordable; and remove the carbon pollution from coal-fired power plants in a more cost-effective way.
“Thanks to the Recovery Act, dozens of cutting-edge research projects with the potential to dramatically transform how we use energy in this country will now be able to get underway,” said Vice President Biden. “By investing in our top researchers, we’re not only continuing in the spirit of American innovation, but helping build a competitive American clean energy industry that will create secure jobs here at home for years to come.”
“These projects show that the U.S. can lead the next Industrial Revolution in clean energy technologies, which will help create new jobs, spur innovation and economic growth while helping to cut carbon pollution dramatically,” said Secretary Chu.
“I applaud all the winners—and the applicants—of this second round of funding. Our nation needs breakthroughs in technology now more than ever. About half of the growth in GDP since World War II came from development and adoption of new technologies. These innovative scientists and engineers are the kind of people to lead our nation in the development of the new energy technologies that will grow new sectors of our economy—and the jobs that come with them—which will be the key to our competitiveness over the next 50 years,” said Congressman Bart Gordon, Chair of the House Committee on Science and Technology.
The grants will go to projects in 17 states. Of the lead recipients, 24 percent are small businesses, 57 percent are educational institutions, 11 percent are national labs, and 8 percent are large corporations. In supporting these teams, ARPA-E seeks to bring America’s brightest scientists and innovators together from diverse fields to pioneer a secure and prosperous energy future for the nation. The awards are part of an overall $100 billion investment the Recovery Act is making in creating jobs and driving economic growth through innovation, science and technology.
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Source: Department of Energy