The Advanced Research Projects Agency-Energy (ARPA-E) today announced that a group of 74 project teams has attracted over $1.8 billion in private sector follow-on funding since the agency’s founding in 2009. The announcement was made at the eighth annual ARPA-E Energy Innovation Summit at the Gaylord National Resort & Convention Center in National Harbor, Md.
In addition, ARPA-E, tasked with supporting transformative innovation in the energy sector, announced that 56 projects have formed new companies, 68 projects have partnered with other government agencies for further development, and an ever-increasing number of technologies have been incorporated into products sold on the market today. These data illustrate ARPA-E’s critical role in supporting high-potential, high-impact technologies to the point where additional investment can be leveraged for continued development and deployment in the marketplace.
