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ARPA-E Awardees Attract Another $100 Million to Advance Clean Energy Technologies

WASHINGTON, D.C. – Speaking at the National Clean Energy Summit 4.0 today in Las Vegas, Nevada, Vice President Joe Biden announced another promising milestone for the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E): five innovative companies that received seed funding from ARPA-E in 2009 and 2010 have now attracted more than $100 million in outside private capital investment.

Companies generate more than $100 million in follow-on funding one year after Department of Energy’s initial awards totaling $24 million

Washington, DC – In a little over one year, six projects that received a total of $23.6 million in seed funding from the Department of Energy’s Advanced Research Project Agency – Energy (ARPA-E) have generated more than $100 million in outside private capital investment, Energy Secretary Steven Chu announced today.

The six projects, which received between $750,000 and $8 million each, focus on improving solar and wind energy technologies and advanced battery storage.

“This amount of private capital support indicates that the business community is hungry to invest in truly innovative solutions to the country’s energy challenges,” said Secretary Chu. “These game-changing projects are going to ensure America’s energy, economic and environmental prosperity is secure.”

‘The goal of the ARPA-E program is to swing for the fences, to focus on truly transformative energy research, and that’s exactly what we are seeing.” Chu added.

Six projects to pursue breakthroughs that could fundamentally change the way we use and produce energy

Washington, D.C. – U.S. Secretary of Energy Steven Chu today announced the selection of six transformational energy research and development projects that could revolutionize how the country uses, stores and produces energy. Funded with $9.6 million from the American Recovery and Reinvestment Act, the projects announced today round out the selections made by the Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E). The $9.6 million is being awarded to projects that could improve energy efficiency in buildings by reducing loads on air conditioners; reduce costs associated with generating electricity from solar power; and improve efficiency and power density of electric machines.

San Francisco, Calif. - The Department of Energy today announced major funding for 37 ambitious research projects – including some that could allow intermittent energy sources like wind and solar to provide a steady flow of power, or use bacteria to produce automotive fuel from sunlight, water and carbon dioxide.