The US Department of Energy (DOE) today announced $100 million in Recovery Act funding to speed up the development of grid-scale energy storage and other clean energy technologies.
Finding cost-effective ways to store energy on a large scale across the electrical grid is vital for reducing dependence on fossil fuels and making use of renewables even when the sun isn’t shining or the wind isn’t blowing.
US Energy Secretary Steven Chu announced the funding today at the first-ever ARPA-E Energy Innovation Summit in Washington, DC.
ARPA-E stands for “Advanced Projects Research Agency – Energy.”
“This is about unleashing the American innovation machine to solve the energy and climate challenge, while creating new jobs, new industries and new exports for America’s workers,” Chu said.
This is the third round of ARPA-E funding. Winning research projects from the programme’s first round are being showcased during this week’s summit, which also features panel discussions on identifying game-changing technologies, building regional energy innovation clusters, the role of energy in national security, and successfully developing and commercialising energy technology breakthroughs.
The latest round of funding will focus on research in three areas:
ARPA-E’s first round of funding, announced in early 2009, ended up backing 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles and other areas. The second round, announced last December, has yeilded nearly 500 concept papers focused mainly on new approaches for biofuels, carbon capture and batteries for electric vehicles.
One of the projects to receive first-round funding was Sun Catalytix, a company started by Massachusetts Institute of Technology researcher Daniel Nocera (see featured video). Sun Catalytix is working to develop a technology that mimics photosynthesis to split water into oxygen and hydrogen, which can then be used for fuel.