Why should governments fund basic research? For the same reason that companies tend not to: because it is a public good.
Energy innovation is rising to a priority discussion in the United States, as last week both chambers of Congress acted on legislation that will guide the course of federal science and R&D investments for years to come. The House of Representatives narrowly passed its version of the America COMPETES Reauthorization Act (H.R. 1806), while in the[…]
In recent years, several members of Congress have proposed comprehensive tax reforms, all of which would affect the cost of electricity. In February 2014, previous House Ways and Means Committee Chairman Dave Camp (R-MI) released his proposal for comprehensive tax reform. Representative Camp’s proposal followed a set of proposals (here and here) issued as part[…]
Since 2010, real investments in federal government energy R&D have been flat, and actually declined adjusted for inflation.
Energy technology innovation is critical for expanding U.S. economic growth, enhancing energy security, and protecting our environment. However, critical federal investments in energy innovation have remained unchanged since 2010, as detailed by the American Energy Innovation Council (AEIC) in its third report, Restoring American Energy Innovation Leadership: Report Card, Challenges, and Opportunities, released today. The[…]
Yesterday, the federal government announced a new Clean Energy Investment Initiative, which will partner philanthropic and mission-oriented investors with technical expertise at the Department of Energy and National Laboratories to make investments new clean energy technologies. DOE experts will lend their expertise at all stages of the innovation pipeline, from early-stage R&D through demonstration and[…]
Today, AEIC member and former Chairman of Bank of America Chad Holliday was a featured speaker at the release of the Global Commission on the Economy and Climate report, Seeing is Believing: Creating a New Climate Economy in the United States. Mr. Holliday spoke to the numerous opportunities for economic growth through sustained technological progress[…]
This week in energy innovation includes non-hydro renewable generation records, natural gas infrastructure R&D, fuel cell partnership, battery research discoveries, plans for a battery “gigafactory,” and new technology for materials science: Co-sponsorship watch (courtesy of AEIC’s energy innovation bill tracker): H.R. 2996 Revitalize American Manufacturing and Innovation Act: Rep. Gary Miller (R-CA), Rep. Daniel Maffei[…]
The past week includes House passage of a National Labs technology transfer and reform bill, the Senate’s appropriations bill for DOE programs, progress for a bill establishing manufacturing innovation hubs, AEIC’s July 23 symposium, the launch of a new energy R&D program, and GE’s plans to commercialize fuel cell technology: The Senate Energy and Water[…]
In the last half-century, American companies have developed the technologies and established the businesses that largely shape the world’s energy systems today. American energy leadership has benefited significantly from long-standing federal support for research and development (R&D) and decades of public-private partnerships that help drive innovation. Acting as a catalyst or instigator, government innovation investments[…]