By Brad Townsend Technological innovation has been at the center of America’s economic competitiveness for the better part of the last 80 years. In the energy sector, federally funded research and development (R&D) programs have served as a foundation on which the private sector has built an impressive track record of innovation, creating jobs, lowering[…]
BPC’s Associate Director for Energy Innovation, Brad Townsend, welcomes the American Energy Innovation Council’s two newest principals; Dr. Wanda Austin, Former CEO and President of the Aerospace Corporation and Jay Faison, Founder and CEO of the ClearPath Foundation. In this podcast, they discuss what role the federal government plays in driving energy innovation, as well[…]
By Tomas Green Overview On June 20, 2017, the American Energy Innovation Council (AEIC) hosted an event on Capitol Hill to release their latest report, “The Power of Innovation: Inventing the Future.” Opening remarks were given by Sen. Lamar Alexander (R-TN) and BPC President Jason Grumet. The event moved into a panel discussion moderated by[…]
By Brad Townsend This week, the House and Senate passed an omnibus appropriations bill to fund the government through September 30. While this stopgap funding agreement averts a shutdown in the near term, it sets the stage for discussions on the FY2018 budget to begin in earnest. This most recent agreement provides much needed resources[…]
By Erin Smith The American Energy Innovation Council (AEIC) hosted an event on April 5 to discuss the rationale for investing public dollars in energy innovation. Recognizing that innovation is a driver of long-term economic growth and that the energy sector faces unique hurdles in attracting private research dollars, the event served as an opportunity[…]
By Brad Townsend Data overwhelmingly shows that public investment in energy innovation can create jobs, energy savings and security benefits. In fact, smart federal investments in energy research have one of the strongest track records at creating significant economic returns for taxpayers. Declining Investment in Energy Innovation In 2010, the federal commitment to energy research,[…]
By Brad Townsend Innovation has played an outsized role in America’s economic health throughout the last century. Over the last fifty years, science, engineering and technology innovation has supported more than half of the economic growth in the United States, while building a web of innovation institutions that can serve as the foundation for American[…]
By Erin Smith Innovation is key to securing America’s security, competitiveness, and prosperity. Breakthroughs in technology have the potential to create entirely new markets and improve the productivity of existing ones, which is why most economists view innovation as a reliable driver of long-term economic growth. Advances in energy technology deserve particular attention because access[…]
Rep. Randy Hultgren discussed the catalyzing role that smart federal investments, such as our national labs, can have on economic growth.
The ability of investments in innovation to drive economic development at home makes innovation a rare opportunity for bipartisanship.