Republicans are praising a clean energy program supported by President Obama for a reason. ARPA-e is about catalytic funding of energy innovation–small grants that help develop promising new high-risk, high-reward technologies. ARPA-e’s employees themselves are on time-limited assignments, helping the agency avoid bureaucratic stasis that can affect other government R&D. And the funding is spread competitively to projects across the country in both universities and companies.
The article, written by Jim Snyder, can be read at Bloomberg Businessweek.