The Department of Energy’s high-risk early stage grant program, ARPA-E, has announced 66 new energy-related projects that will get small amounts of funding and mentorship from the DOE. ARPA-E said that it will give 66 groups — from universities, to startups, to government labs to large companies — a combined $130 million through its Open 2012 program to help them with cutting edge innovation around cleaner and more efficient transportation as well as energy generation and consumption.
The ARPA-E program is one of the DOE’s lauded programs, which has managed to gain bipartisan support and avoid controversy. In contrast, the DOE’s loan guarantee program and battery grant programs allocated large funds to single companies, and when a few of those companies went bankrupt, the DOE received significant criticism.
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