Chu Announces $100M for Riskier Alt-Energy Research

Dec 9 2009 | 10:21am ET

U.S. Energy Secretary Steven Chu, who believes ending the country’s dependency on fossil fuels requires out-of-the-box thinking, has announced $100 million in funding for riskier biofuel, carbon capture and battery projects.

Chu said this second ARPA-E funding round focuses on “three cutting-edge technology areas which could have a transformational impact.”

ARPA-E’s first solicitation, announced earlier this year, was highly competitive and resulted in the funding of 37 projects aimed at transformational innovations in energy storage, biofuels, carbon capture, renewable power, building efficiency, vehicles and other areas. 

This funding round will focus on three areas:

Electrofuels: Funding new ways to make liquid transportation fuels (without using petroleum or biomass) by using microorganisms to harness chemical or electrical energy to convert carbon dioxide into liquid fuels. The goal is to “develop an entirely new paradigm for the production of liquid fuels that could overcome the challenges associated with current technologies.”

Carbon Capture: Funding high-risk, high-reward research to “revolutionize” carbon capture technologies. Areas of interest include low-cost catalysts to enable systems with superior thermodynamics that are not currently practical due to slow kinetics; robust materials that resist degradation from caustic contaminants in flue gas; and advanced capture processes that dramatically reduce the parasitic energy penalties and corresponding increase in the cost of electricity required for carbon capture.

Batteries: Funding ultra-high energy density, low-cost battery technologies for long electric range plug in hybrid electric vehicles and electric vehicles (EVs).


In Depth

Whisky Business: The Ultimate Liquid Alternative Investment

Sep 15 2014 | 7:02am ET

David Robertson knows his single-malt whisky—he was the Master Distiller at the...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

In search of the ‘new normal’ at the Fed

The Federal Reserve keeps baby-stepping toward a “normalization” of monetary policy. But just what is normal?

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.