The $1 billion fund shows that the private sector is an important partner in the development of clean, affordable, and reliable energy.
The ability of investments in innovation to drive economic development at home makes innovation a rare opportunity for bipartisanship.
Why should governments fund basic research? For the same reason that companies tend not to: because it is a public good.
The government is spending far too little money on energy research, putting at risk the long-term goals of reducing carbon emissions and alleviating energy poverty.