It’s not just the VCs that are spending big on climate tech, the government is, too.
Earlier this month, the US Department of Energy awarded $175 million to research and development projects aimed at advancing a range of clean-energy solutions including electric vehicles, offshore wind, energy storage, and nuclear recycling.
The funding came from the DOE’s Advanced Research Projects Agency-Energy (ARPA-E), which was created in 2007 and modeled after DARPA in an effort to bolster US advantages in science and technology. Read more…