A group of business leaders, including Bill Gates, GE’s Jeffrey R. Immelt, and venture capitalist John Doerr, has released a plan to make the U.S. a global leader in energy technology innovation.
The American Energy Innovation Council (AEIC) is urging the White House and congress to take urgent action to transition the country to clean, affordable and secure supplies of energy.
The group’s plan contains five recommendations:
- Create an independent national energy strategy board
- Increase annual investments in clean energy research and development by $11 billion to $16 billion per year
- Create centers of excellence in energy innovation
- Fund the Advanced Research Projects Agency-Energy (ARPA-E) at $1 billion per year
- Establish a new energy challenge program for large-scale demonstration projects
The AEIC recommends the creation of a program to fund, build and accelerate the commercialization of advanced energy technologies. The program should be structured as a joint venture between the federal government and the energy industry, and would operate as an independent corporation outside of the federal government, the group says.
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