In February of 2015, a group of six corporate executives concerned with innovation in America released a report on United States research, development, and demonstration (RD&D) related to clean energy. Their findings are telling.
The group is called the American Energy Innovation Council (AEIC). Their primary conclusion about the state of energy RD&D in the U.S. is that America needs to triple its current funding dedicated to the task. According to AEIC, the U.S. will continue to lose ground in terms of innovation among other countries such as China and Germany who are increasingly supplying new and growing energy companies with public funding. The report states that, “The United States must proactively prepare for a more competitive economic future and scale up innovation investments as other countries increase their own.”