From the US Department of Energy
This is the first solicitation for the Advanced Research Projects Agency – Energy (ARPA-E). ARPA-E is a new organization within the Department of Energy (DOE), created specifically to foster research and development (R&D) of transformational energy-related technologies. Transformational technologies are by definition technologies that disrupt the status quo. They are not merely better than current technologies, they are significantly better. Often, a technology is considered transformational when it so outperforms current approaches that it causes an industry to shift its technology base to the new technology. The Nation needs transformational energy-related technologies to overcome the threats posed by climate change and energy security, arising from its reliance on traditional uses of fossil fuels and the dominant use of oil in transportation.
- Financial Assistance Funding Opportunity Announcement, The US Department of Energy