Funding & Incentives
- Category: Funding & Incentives
06 Aug 2012
- Published on Monday, 06 August 2012 10:11
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The Department of Energy announced that 19 new projects will receive $43 million in funding from its Advanced Research Projects Agency-Energy to develop "breakthrough” energy storage technologies.
The funding went to projects with a focus on innovating battery management and storage to advance electric vehicle technologies, help improve the efficiency and reliability of the electrical grid, and provide energy security benefits to America’s armed forces.
“[These] projects seek to address the remaining challenges in energy storage technologies, which could revolutionize the way Americans store and use energy in electric vehicles, the grid and beyond, while also potentially improving the access to energy for the U.S. military at forward operating bases in remote areas,” said Secretary of Energy Steven Chu.
He adds that they could transform the country’s energy infrastructure, “dramatically reduce” reliance on imported oil, and increase American energy security.
New ARPA-E programs – the Advanced Management and Protection of Energy Storage Devices and Small Business Innovation Research – were created to provide support for the projects.
A.M.P.E.D will be giving $30 million to 12 research projects, which focus on developing advanced sensing and control technologies to improve the safety, performance, and lifetime of grid-scale and vehicle batteries.
Meanwhile, S.B.I.R. will be awarding $13 million for seven small businesses with projects pursuing energy storage developments for stationary power and electric vehicles.
ARPA-E funded projects are expected to provide technologies that can contribute to increasing the energy security of the United States and reduce its reliance on imported oil. Since it was launched in 2009, ARPA-E has funded approximately 180 projects worth around $500 million. – EcoSeed Staff