The federal Energy Department will make good on a pledge for a bolder technology strategy on Monday, awarding research grants for ideas like bacteria that will make gasoline, enzymes that will capture carbon dioxide to counter global warming and batteries so cheap that they will allow the use of solar power all night long.
The department will announce 37 grants totaling $151 million, mostly going to small businesses and educational institutions but also to a few corporations. Some of the ideas may be supported until they are picked up by venture capitalists or major companies, he said. The new effort, directed by the Advanced Research Projects Agency-Energy, or Arpa-e.
Initial awards include funding for research ingto Bacteria for Producing Direct Solar Hydrocarbon Biofuels, and Low Cost Crystals for LED Lighting.
Full story from New York Times
Press release from Department of Energy