A Camas company’s research project is set to receive funding from the U.S. Department of Energy.
Energy Secretary Steven Chu announced last week that a project by Sharp Laboratories was one of 66 selected by the Energy Department’s Advanced Research Projects Agency – Energy to receive a total of $130 million in funding through its “OPEN 2012” program.
ARPA-E seeks out transformational, breakthrough technologies that show fundamental technical promise but are too early for private-sector investment.
According to a press release, these projects have the potential to produce game-changing breakthroughs in energy technology, form the foundation for entirely new industries, and have large commercial impacts.
The selected projects encompass 11 technology areas in 24 states, and support the Obama Administration’s all-of-the-above approach to solving the nation’s most pressing energy challenges.