Science, Space, and Technology
Co-Sponsors: 39 – 28 Democrats, 11 Republicans
The Advanced Research Projects Agency-Energy (ARPA-E) is a program within the Department of Energy (DOE) that supports projects with the potential to transform our energy system and improve U.S. productivity and economic growth. In its eight-year history, 74 of more than 262 completed projects supported by ARPA-E have attracted over $1.8 billion in private sector follow-on funding, and 56 projects have gone on to form new companies. ARPA-E focuses on high-risk, high-reward, pre-commercial projects. Selected through a competitive application process, every project team receives funding and guidance to meet ambitious project milestones. Teams that fail to demonstrate success or meet milestones lose funding, ensuring funds are used efficiently and focused on the most promising projects.
This bill addresses Green Real Deal goal 2(B)p.4 to invest in next-generation low- and zero-emission energy sources including nuclear energy.