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Posts Tagged ‘DOE’

A little more than a month after his task force told him it would take a year to get a proposed high-risk, $415 million clean energy research program up and running, Energy Secretary Steven Chu is proceeding with plans to launch the so-called Advanced Research Projects Agency-Energy, or ARPA-E, in half a year or less.

ARPA-E, which was created in 2007 but left unfunded until this year, will be accepting concept papers between May 12th and June 2nd for innovative green technology ideas that it may be interested in funding. Selected applicants will be invited to submit a full application for consideration.

According to an article by Josie Garthwaite at earth2tech, ARPA-E is particularly interested in ideas and technologies that could reduce dependency on oil imports, improve energy efficiency across all sectors of the economy, reduce greenhouse gas emissions and/or give the U.S. an edge in deployment of energy technologies — areas where many capital-intensive cleantech startups struggle to find financing for critical phases of development or commercialization.

“Only truly transformational technologies that can contribute greatly to the ARPA-E’s Mission Areas have any chance of funding,” the agency says in its solicitation. “We are not looking for incremental progress on current technologies.”
Getting in on the ARPA-E program will mean more than cash— the agency said that it will also work with teams to develop intellectual property and technical data strategies, as well as a procurement or financial assistance instrument to help manage risk once government funding for a project runs out.

At least the ball’s finally rolling so get those ideas in by June 2nd!

Read Josie’s article at: http://earth2tech.com/2009/04/27/how-to-get-doe-cash-for-your-high-risk-green-technology/

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The green-tech industry has been somewhat finance-challenged, but last Friday the Department of Energy announced plans to provide the first alternative-energy loan in four years. The DOE plans to give California start-up Solyndra $535 million in loans to design rooftop solar arrays.

According to CNet News writer Martin LaMonica, Energy Secretary Steven Chu has revamped the DOE’s loan-vetting process to break the logjam of these loans, which many high-profile green-tech start-ups such as Tesla Motors and battery maker A123 Systems have applied for. Meanwhile, the government’s economic stimulus plan calls for $1.6 billion for research through the national laboratories and for investments to bulk up and modernize the transmission grid to transport solar and wind power.

Green business people ranging from small start-ups to established wind project developers are spending a lot of time in Washington, D.C. and hiring lobbyists in anticipation of a big inflow of money. This is definitely a promising sign!

Read more at: http://news.cnet.com/8301-11128_3-10204816-54.html

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