ARPA-E will address long-term and high-risk technological barriers in energy through collaborative research and development that private industry or the DOE are not likely to undertake alone. Because of its autonomy within DOE, and the flexibility and resources afforded to its technical personnel, ARPA-E is structured to respond very quickly to energy research challenges, as well as terminate or restructure programs just as quickly. A fund is established in the U.S. Treasury separate and distinct from DOE appropriations, as will be the budget request for ARPA-E. With this separate fund, ARPA-E will be independent of the DOE bureaucracy, and likewise should not operate at the expense of other programs at DOE, particularly the Office of Science. The conference agreement authorizes $300,000,000 in FY 2008, and such sums as are necessary thereafter for fiscal years 2009 and 2010.
This seems like a perfect fit for EMC2's research.