US energy department to provide $130m funding for 66 energy-related research projects
The US Energy Department, through its Advanced Research Projects Agency – Energy (ARPA-E) has granted $130m in funding for 66 energy-related projects across the country.
Funding will be made available under the agency's 'Open 2012' project and encompass a wide array of fields - advanced fuels, advanced vehicle design and materials, building efficiency, carbon capture, grid modernization, renewable power, and energy storage.
Commenting on the funding Energy Department secretary Steven Chu remarked that each of the 66 projects are geared towards meeting the energy challenges that are before the nation.
"With ARPA-E and all of the Department of Energy's research and development efforts, we are determined to attract the best and brightest minds at our country's top universities, labs and businesses to help solve the energy challenges of this generation," said Secretary Chu.
The agency's earlier funded projects have made major progresses such as demonstrating the world's first 400W/kg lithium-ion battery; building a wind turbine that could deliver 300% more power than existing turbines of the same size and cost; and engineering a high power laser drilling system.