This is an excerpt from EERE Network News, a weekly electronic newsletter.
ARPA-E Projects Attract More Than $625 Million in Private Funding
The Energy Department’s Advanced Research Projects Agency-Energy (ARPA-E) on February 25 announced that 22 of ARPA-E’s innovative projects have attracted more than $625 million in private-sector follow-on funding after ARPA-E’s investment of approximately $95 million over the past five years. In addition, at least 24 ARPA-E project teams have formed new companies to advance their technologies, and more than 16 ARPA-E projects have partnered with other government agencies for further development.
To date, ARPA-E has invested over $900 million across 362 projects through 18 focused programs and two open funding solicitations (OPEN 2009 and OPEN 2012). In the past year alone, ARPA-E has launched focused programs to improve techniques to manufacture light-weight metals, develop robust battery chemistries and architectures for electric vehicles, biologically convert natural gas to liquids, create innovative semiconductor materials for improved power conversion, and use solar concentration techniques for hybrid solar converters. See the Energy Department news release.