US Loses $10.4 Million After Failures in Clean-Energy Research
by Brian Wingfield (Bloomberg) The United States lost $10.4 million on six clean-energy projects, including biofuel research at Iowa State University, that were suspended for missing performance milestones, according to the Energy Department.
…Iowa State spent about 56 percent of $4.4 million from the U.S. for a project to create biofuel feedstock from an aquatic micro-organism. The agency also ended projects to capture carbon from coal-fired power plants, including Nalco Holding Co. of Naperville, Ill., which has about $500,000 left, and United Technologies, for which $403,898 remains.
The Energy Department has said ARPA-E is a “swing-for-the-fences” effort to develop cutting-edge clean-energy technologies, and it anticipates some will fail. READ MORE and MORE (ARPA-E) and MORE (Algae Industry Magazine/National Algae Association)