Today, the Department of Energy highlighted six Advanced Research Projects Agency - Energy projects that are at the forefront of American energy innovation. As President Obama said in his State of the Union address, this kind of innovation is critical to our economic prosperity. These six recipients received a combined $23.6 million in ARPA-E funding from the Recovery Act. In a little over a year, they have generated an additional $100 million in outside private capital investment. ?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 today.
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Source: http://blog.energy.gov/blog/2011/02/03/video-look-inside-1366-and-sun-catalytix-two-%E2%80%9Cgame-changing%E2%80%9D-innovation-projects
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