On Wednesday, April 20th, 2011 U.S. Secretary of Energy Steven Chu announced $130 million for the Advanced Research Projects Agency-Energy (ARPA-E) to develop five new program areas that could catalyze critical breakthrough technologies to secure America’s energy future. Today’s announcement creates program areas that will fund innovative projects seeking to discover rare earth alternatives and find advancements in biofuels, thermal storage, the electric grid and solar power electronics. The success of these program areas could reduce our country’s dependence of foreign oil, decrease the cost of clean electricity and develop a sustainable infrastructure for future generations of Americans.
To read the full, original article click on this link:SECRETARY CHU ANNOUNCES $130 MILLION FOR ARPA-E’S 4TH ROUND OF FUNDING
