Washington, D.C., April 12, 2012 – U.S. Energy Secretary Steven Chu announced a $30 million research competition that will engage our country’s brightest scientists, engineers and entrepreneurs in improving the performance and safety of energy storage devices, including hybrid energy storage modules being developed by the Department of Defense for military applications.
Through its Advanced Research Projects Agency — Energy, the Energy Department is funding the Advanced Management and Protection of Energy-storage Devices program, to seek out breakthrough energy storage technologies that are too risky for private-sector investment but have the potential to translate science into quantum leaps in energy technology, form the foundation for entirely new industries, and have large commercial impacts.
Since President Barack Obama launched ARPA-E in 2009, ARPA-E has invested over $500 million in 12 programs, which has resulted in about 180 groundbreaking projects. The announcement is ARPA-E’s third funding opportunity for 2012.
Demonstrating the success ARPA-E has already seen, the DOE announced last year that eleven of its projects secured more than $200 million in outside private capital investment after initial funding from its programs.
* Create a new generation of electric and hybrid-electric vehicles;
* Increase the fuel efficiency of military generators to help reduce the need for fuel-convoys on the battlefield;
* Improve the reliability of military aircraft generators to help to reduce operation and maintenance costs;
* Enable next generation high power weapons systems and fuel efficient operations for Navy ships; and
* Enhance the efficiency and reliability of the U.S. electricity grid.