NEWS COMMENTARY

U.S. DOE announces $47 million in funding for high-risk and potentially disruptive new energy technology projects

Published:
January 26, 2021
Coverage:
Owning the Energy Transition More...
Activities:
Investment More...
Average importance

As part of the Advanced Research Projects Agency-Energy's (ARPA-E) Seeding Critical Advances for Leading Energy technologies with Untapped Potential (SCALEUP) program, the U.S. Department of Energy (DOE) awarded $47 million to fund seven projects led by innovative startups, most of which received a positive Lux Take when we profiled them. While the SCALEUP program claims to focus on "potentially disruptive new technologies across the full spectrum of energy applications," most of the funding went to battery technology development projects followed by those focused on grid modernization. These projects intend to demonstrate the capabilities and disruption potential of innovative technologies, and clients should monitor them closely.

For the original news article, click here .


Further Reading

Lithium-sulfur one of five battery R&D winners in new $68 million U.K. funding, keeping this long-shot technology on life support

News Commentary | October 01, 2019

Only a fraction of the total $68 million funding from the Faraday Institution will go toward a four‑year project called LiSTAR (Lithium‑Sulfur Technology Accelerator). The work will be led by University College London (UCL) in partnership with six other U.K. academic institutions as well as seven ... Not part of subscription

Genius 2020: How Corporates Can Successfully Grow with Start-Ups

State of the Market Report | September 25, 2020

Many corporates have established a Corporate Venture Capital (CVC) function in the past five years and they are now investing in start‑up companies. However, having a portfolio of start‑ups is only the start. How do you turn those investments into growth opportunities and actual growth of your ... Not part of subscription

Big Idea Ventures launches new $125 million fund to commercialize agrifood tech IP from universities

News Commentary | February 01, 2021

The Generation Food Rural Partners (GFRP) fund will focus on founding and investing in agrifood startups within U.S. rural communities (near collaborating universities). Big Idea Ventures will set up five centers co‑located with leading U.S. universities, with North Carolina State University being ... Not part of subscription