ARPA-E projects receive over $1.8 billion in private funding
The Advanced Research Projects Agency-Energy (ARPA-E) announced earlier this week that the agency’s 74 project teams have received over $1.8 billion in private funding since the agency’s founding in 2009
The announcement was made at the eighth annual ARPA-E Energy Innovation Summit in National Harbor, Maryland, which attracts attendees from business, government and academia and showcases energy technology innovations.
“At just eight years old, ARPA-E is a young agency, but these newest numbers demonstrate just how well the energy innovation community we are building is working,” ARPA-E Acting Director Eric Rohlfing said. “The private sector plays a critical part in this community, and it is thrilling to see the technologies from our projects becoming market-ready energy products with full private support. The ARPA-E model is proving itself in a truly impressive way.”
ARPA-E also announced that 56 projects have created new companies and 68 have partnered with other government agencies on additional development.
More than 580 projects have received approximately $1.5 billion in research and development funding from ARPA-E through 36 focused programs and three open funding solicitations.
ARPA-E is responsible for preserving U.S. competitiveness in the energy marketplace by supporting projects that, if successful, could transform the United States’ generation, storage and consumption of energy.
